27 January 2012 BISICHI MINING PLC ("Bisichi" or the
"Company") Black Wattle obtains export tonnage allocation at
Richards Bay Coal Terminal Bisichi Mining PLC, the mining company with
direct coal mining operations in
South Africa, is pleased to announce that its
principal South African coal
mining subsidiary, Black Wattle Colliery
("Black Wattle") has been approved an
allocation of 87,500 tonnes of export tonnage at
Richards Bay Coal Terminal("RBCT"). The allocation falls under the Quattro Programme
which allows junior black
economic-empowerment ("BEE") coal
producers access to the coal export market.
The allocation is provided on an annual
basis. Commenting, Andrew Heller, Managing Director of
Bisichi Mining said: "Black Wattle is a fully operational
opencast mine with well developed
infrastructure, including a railway siding. The
approval of allocation at RBCT
will allow Black Wattle direct access to the coal
export market. I would like
to thank Vunani Ltd, our co-shareholder in Black
Wattle, for all their hard
work in helping Black Wattle obtain this
allocation" For further information please contact: Andrew Heller, Bisichi Mining
PLC
020 7415 5030 End |
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