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".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
The firm also says income from its UK property portfolio remains "steady".
At 11:45 the stock was up 10p at 147.5p
In the doghouse: hundreds of investment funds are underperforming - is it time to sell?
News The latest Spot The Dog research from Bestinvest reveals 151 funds are failing to beat their benchmark. We reveal the worst performers
By Marc Shoffman Published
Nationwide: House prices creep up for the first time in over a year
Nationwide’s latest house price index reveals property prices are finally rising. Will this pattern continue in 2024?
By Vaishali Varu Published