Bens Creek Group Plc

BEN

GB00BP814F22

Iron & Steel

Market Closed - London S.E. Other stock markets 11:35:23 2024-04-26 am EDT			5-day change	1st Jan Change
0.225 ^GBX	0.00%		-25.00%	-97.95%

Apr. 23	Bens Creek makes further Chapter 11 filings in US	AN
Apr. 23	Bens Creek Expects April-end Court Hearing on $14.5 Million Debtor-in-Possession Facility	MT

Bens Creek draws additional working capital from largest shareholder

March 26, 2024 at 09:41 am EDT

(Alliance News) - Bens Creek Group PLC announced on Tuesday that it has drawn additional financing to cover the requirements of its North American mining projects.

The London-based miner said it drew a further USD1.3 million under its working capital facility with its largest shareholder, Avani Resources Pte Ltd.

Following this, the full USD10 million outlined in the agreement with the Singapore-based commodities trader has been drawn by the company ahead of coal deliveries to Avani in April 2024.

Shares in Bens Creek were down 15% to 1.70 pence in London on Tuesday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Bens Creek Group Plc

Bens Creek makes further Chapter 11 filings in US	Apr. 23	AN
Bens Creek Expects April-end Court Hearing on $14.5 Million Debtor-in-Possession Facility	Apr. 23	MT
Bens Creek Group Gets Requisition Notice for General Meeting	Apr. 23	MT
Bens Creek Group plc Receives a Notice from MBU Capital Group Limited	Apr. 23	CI
Miners lift FTSE 100 but sea of red elsewhere	Apr. 12	AN
Bens Creek in Talks with Top Shareholder Avani Resources to Secure More Funding	Apr. 12	MT
AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers	Apr. 12	AN
Bens Creek shares plunge amid round of lay-offs in West Virginia	Apr. 12	AN
Stocks get boost thanks to growth in UK economy	Apr. 12	AN
Bens Creek down as struggling company inks additional Avani coal order	Apr. 08	AN
Bens Creek Group Unit to Sell 20,000 Tons of Coal to Avani Resources	Apr. 08	MT
Bens Creek Group Draws Down Remaining Working Capital Facility Funds for Mining Projects	Mar. 26	MT
Bens Creek draws additional working capital from largest shareholder	Mar. 26	AN
Bens Creek falls as draws down USD9 million	Mar. 19	AN
Bens Creek Draws Down Working Capital Facility with Top Shareholder	Mar. 19	MT
AIM WINNERS & LOSERS: PHSC notes buyback; Gfinity up on interims	Mar. 19	AN
Bens Creek up on new USD7.5 million working capital facility	Mar. 06	AN
EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV	Feb. 29	AN
Bens Creek to Supply Metallurgical Coal to Largest Shareholder	Feb. 29	MT
Armadale Capital eyes Mahenge project financing	Feb. 27	AN
EXECUTIVE CHANGES: M&C Saatchi hires Channel 4 marketing chief as CEO	Feb. 22	AN
Bens Creek Names CEO	Feb. 22	MT
Bens Creek Group plc Announces Executive Changes for Bens Creek Operations LLC	Feb. 22	CI
AIM WINNERS & LOSERS: Belluscura shares up as wraps up TMT takeover	Feb. 09	AN
Bens Creek inks new working capital facility after tough start to 2024	Feb. 09	AN

Bens Creek Group Plc is a United Kingdom-based company that owns and operates metallurgical coal mines. It owns the Benâs Creek mining Project in West Virginia, United States. The Project property is set over 10,000 acres in the Central Appalachian Basin of the eastern United States and is located in the southern part of the state of West Virginia and the eastern edge of the Commonwealth of Kentucky. The property is comprised of approximately seven adjacent tracts, which are controlled through leases and freehold project land. The wash plant and loading facility are located on the freehold project land. The property is leased from Pocahontas Land Corporation and Carbon Fuels Inc. and has all the permits necessary to carry out mining operations on the leased properties. Ben's Creek Mining Project has direct access to domestic markets through the Norfolk Southern Railway Companyâs rail network and to export markets through the Lambertâs Point Export Terminal in Norfolk, Virginia.

Sector

Iron & Steel

Calendar

2024-08-26 - Q4 2023 Earnings Release (Projected)

More about the company

Income Statement Evolution

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Annual profits - Rate of surprise

Company calendar

Sector Coke Coal Mining

	1st Jan change	Capi.
BENS CREEK GROUP PLC	-97.95%	1.12M
ALPHA METALLURGICAL RESOURCES, INC.	+1.47%	4.47B
WARRIOR MET COAL, INC.	+15.02%	3.67B
PT ADARO MINERALS INDONESIA TBK	-2.94%	3.33B
SHOUGANG FUSHAN RESOURCES GROUP LIMITED	+1.39%	1.84B
CORONADO GLOBAL RESOURCES INC.	-33.24%	1.28B
SHAANXI HEIMAO COKING CO., LTD.	-24.33%	956M
SUNCOKE ENERGY, INC.	-1.58%	889M
RAMACO RESOURCES, INC.	-6.98%	809M
BAOTAILONG NEW MATERIALS CO., LTD.	-35.71%	595M

Coke Coal Mining

Bens Creek Group Plc

Equities

BEN

GB00BP814F22

Iron & Steel

Bens Creek draws additional working capital from largest shareholder

Latest news about Bens Creek Group Plc

Chart Bens Creek Group Plc

Company Profile

Income Statement Evolution

Annual profits - Rate of surprise

Sector Coke Coal Mining