Contango Holdings Plc announced the receipt of final approvals relating to the export of coal from the Muchesu Project in Zimbabwe (Muchesu) from the Minerals Marketing Corporation of Zimbabwe. As a consequence, the company is also reported that it has now made its inaugural sale to TransOre International FZE (TransOre), pursuant to its existing offtake arrangement. TransOre has already collected initial coking coal product from the Muchesu mine site and additional trucks will shortly be mobilized to Muchesu by TransOre, which intends to utilize its existing coal export capacity at the ports of Maputo and Beira to export the product to its international clients.
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- Contango Holdings plc Receives Final Approvals Relating to the Export of Coal from the Muchesu Project in Zimbabwe