Contango eyes coking coal sales in Q1
BUSINESS REPORTER
London listed natural resource development company, Contango Holdings Plc, says the wash plant was now on site at its Lubu Coal project in Zimbabwe ahead of scheduled first coking coal production and sales by the end of March.
The wash plant will produce 20,000 tonnes of washed coking coal per month, once calibrated and operating efficiently.
“The company is pleased to report that the wash plant arrived at site on Friday 3 February and has been unloaded ahead of assembly. The wash plant site and foundations were prepared in anticipation of its delivery, therefore construction and assembly is expected to take approximately 3-4 weeks, with commissioning following thereafter,” Contango said.
The firm also expects to take delivery at site of its surface miner which has a cutting width of 2200mm, ideal for selective mining, and can mine up to 500 tonnes per hour, it said.
Contango said the laboratory was also expected to arrive at site in the first half of February.
“Following its delivery, all significant capital items will be at site enabling the Company to ramp up activity ahead of first production and sales at the end of Q1 2023,” it said.
