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Regency Mines 'hits the ground running' in Virginia with producing coal project

Andrew Bell, chairman of Regency Mines Plc (LON:RGM), caught up with Proactive's Andrew Scott as production kicked off at their metallurgical coal project in Virginia.

The operator of the project - Mining Equity Trust (MET) - is a joint venture between Regency Mines and Legacy Hill Resources.

''MET took over the operations last Thursday and started the lease of two highwall miners on that day and hit the ground running and started producing.''

''As of yesterday they'd produced something in the region of 8,500 tonnes and so by now it must be something like 11,000 tonnes.''

Bell also discusses plans for their Mambare nickel/cobalt project in Papua New Guinea  as well as updates on their other investments across energy storage and oil and gas.

Quick facts: Regency Mines PLC

Price: 0.9 GBX

Market: LSE
Market Cap: £1.71 m

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Regency Mines PLC's (LON:RGM) chief executive Scott Kaintz updates Proactive London's Andrew Scott on the firm's recent developments with its projects and board changes including the hiring of James Parsons as executive chairman. ''We come into work with a bit of a chip on our shoulders'',...

on 27/1/20

2 min read