logo-loader
viewRegency Mines PLC

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

LSE:RGM
Market: LSE
Market Cap: £1.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Regency Mines PLC named herein, including the promotion by the Company of Regency Mines PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Regency Mines 'in the right place at the right time and with...

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