Proactive Investors - Run By Investors For Investors

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.

Meet W Resources PLC, Avation PLC, Anglo Asian Mining PLC and Salt Lake Potash Ltd at our event, London , 28 February 2019. Register here »
View full RGM profile View Profile

Regency Mines PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use