Bisichi getting busy, Black Wattle booming
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.
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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm also says income from its UK property portfolio remains "steady".
At 11:45 the stock was up 10p at 147.5p
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
What investors can expect from stocks and economies in 2025
There are reasons for investors to be hopeful about 2025, with slowing interest rates and moderating oil prices. But trouble may be brewing in bond markets
By Alex Rankine Published
-
Is Xi Jinping ready for Donald Trump's tariffs on China?
The ascent of Donald Trump will bring new challenges for Xi Jinping
By Emily Hohler Published