Shares in AIM-listed Beacon Hill Resources jumped sharply on Friday morning following the company's announcement that it had signed an operating lease agreement with Thelo Rolling Stock Leasing Proprietary (Thelo) for the provision of rolling stock on the Sena railway line in Mozambique.
The company said that the agreement, which had been a prerequisite for it being able to obtain final rail allocation confirmation from Portos e Caminhos de Ferro de Mocambique, represented a "milestone" for the company.
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