Bisichi Mining, the South Africa-focused coal mining company, has seen its shares shoot up 7.27% after announcing production at its Black Wattle Colliery has "significantly" improved.
Average production for the nine months to September was at 135,000 metric tonnes, compared to 110,000 for the first six months.
Bisichi also says it is experiencing strong demand for its product both domestically and for export and that an improved performance from South Africa's state railway has "ensured our stockpiles have remained at acceptable levels".
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The firm also says income from its UK property portfolio remains "steady".
At 11:45 the stock was up 10p at 147.5p
BS
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