Bens Creek Group PLC (AIM:BEN, OTC:BENCF), the owner of a recently re-opened metallurgical coal mine in West Virginia, has received part payment for its first delivery of metallurgical coal to Integrity Coal Sales Inc, New York.
Integrity is the company's offtake partner.
The generation of the company's initial revenue is in line with the expected timescale, as set out earlier this month.
“We are delighted to have received part payment for our first coal sales in accordance with the anticipated quality of our product and within the timelines previously announced,” said Adam Wilson, chief executive of Bens Creek.
“This is a key step towards what we hope will be the creation of a highly successful business."