Bens Creek Group PLC Permit approval (2888A)
September 22 2022 - 3:25AM
UK Regulatory
TIDMBEN
RNS Number : 2888A
Bens Creek Group PLC
22 September 2022
The information contained within this announcement is deemed by
the Company to constitute inside information pursuant to Article 7
of EU Regulation 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 as amended.
22 September 2022
Bens Creek Group plc
("Bens Creek" or the "Company")
Permit approval
Bens Creek Group plc (AIM:BEN), the owner of a metallurgical
coal mine in North America supplying the steel industry, is
delighted to provide an update on the status of its permit
application following the last update issued by the Company on 25
July 2022.
As previously notified, an application for a permit to mine a
much larger area than is currently being mined by the first
highwall miner was submitted to the Department of Environmental
Protection in West Virginia ("WVDEP") and has been in the final
stages of being approved by the WVDEP. This application has now
been approved by the WVDEP and Bens Creek Operations WV LCC, the
Company's wholly-owned operating subsidiary, has been granted the
permit with an effective date of 21 September 2022.
The granting of the permit is for an initial five year period
and will now allow Bens Creek to deploy a second highwall miner
that is to be operated by the Company's highwall mining contractor.
This will enable the Company to steadily increase its production of
metallurgical coal from current levels as it seeks to achieve its
monthly production targets, as previously announced.
For further information please contact:
Bens Creek Group plc
Adam Wilson, CEO
Raju Haldankar, Executive Director +44 (0) 204 558
Murat Erden, CFO 2300
Allenby Capital Limited (Nominated Adviser
and Joint Broker)
Nick Athanas / Nick Naylor / George Payne
(Corporate Finance) +44 (0) 203 328
Kelly Gardiner (Sales and Corporate Broking) 5656
Optiva Securities Limited (Joint Broker)
Christian Dennis / Mariela Jaho / Daniel +44 (0) 203 137
Ingram 1902
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END
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