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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.

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Price: 0.0384 GBX

LSE:RGM
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Market Cap: £582.49 k
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Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19

2 min read