Regency Mines PLC Rosa Mine - Update (6665A)
March 27 2017 - 12:19PM
UK Regulatory
TIDMRGM
RNS Number : 6665A
Regency Mines PLC
27 March 2017
REGENCY MINES PLC
("Regency" or the "Company")
Rosa Mine - Update
27 March 2017
Regency Mines Plc announces, further to the announcements of
27(th) February and 9(th) March 2017, progress at Carbon Minerals
Corporation's Rosa metallurgical coal mine ("CMC" and "Rosa")
located in Alabama, United States of America, in the Warrior Coal
Basin. Regency owns 20% of CMC.
Key Highlights:
-- Over 6,000 tons of third party coal washed at Rosa
preparation plant with first payment to CMC due end-month
-- A further amount of c6,000 tons arriving to site for washing;
further contract for 5,000 to 10,000 tons per month under
negotiation
-- Testing period and washability studies at preparation plant
have enabled further improvements and part replacements
-- Highwaller contractor on site and ready to start coal operations
-- Mining license extension approved enabling submission of
mining plan; CMC expects approval this week enabling mining to
begin
Andrew Bell, Chairman of Regency Mines, comments: "Progress has
continued, with necessary adjustments to the permits to enable use
of a higher capacity drilling method creating only minor slippage
in our timings. We expect sales and movements off site of mined
coal in early April; we may achieve (but may just miss) our more
ambitious target of first mined production by the end of March.
This is a great milestone for us, and further announcements will be
made as we bring the mine on stream".
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Andrew Bell 0207 747 9960 Chairman Regency Mines Plc
Scott Kaintz 0207 747 9960 Executive Director Regency Mines
Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital
Stockbrokers Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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