Client NewsBens Creek PLC: Offtake Agreement
Bens Creek Group plc (AIM: BEN), the owner of a metallurgical coal mine in North America, is pleased to announce that it has entered into its first offtake agreement for its washed Hi-Vol-B metallurgical coal (“product”) with Integrity Coal Sales, Inc. New York (“Integrity”). The agreement is for approximately 22,000 US Short ton (“ST”) of product per month for an initial twelve-month period starting from January 2022 until December 2022. This agreement covers approximately 50% of the anticipated production volumes of the Group’s proposed annual production under the existing mine plan.
Integrity, founded in 1990, is a supplier of high-quality U.S. metallurgical coal to the global marketplace. In addition to its headquarters in New York, Integrity has offices in the coal producing regions of Pennsylvania, West Virginia, and Kentucky as well as Virginia and Maryland.
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