Beacon Hill Resources plans in the middle of this year to ship its first load of coking coal mined at the Moatize Mines to Indian company Global Coke, the company said in a statement issued Thursday.
In the statement Beacon Hill Resources said it planned this year to export 100,000 tons of coking coal, to be carried to the port of Beira by road.
The company also said that it expected work on the Sena Railroad to be concluded this year, which would allow it to increase coal production and thus coal exports.
In November 2011, Beacon Hill Resources, a company listed on the Alternative Investment Market (AIM) of the London Stock Exchange, signed an agreement with Global Coke to provide 600,000 tons of cooking coal until the end of the Moatize Mines’ life cycle. (macauhub)