Bens Creek, the owner of a recently re-opened metallurgical coal mine in North America supplying the steel industry, has announced that, on 28 January 2022, it received the inaugural payment in relation to part payment for its first delivery of metallurgical coal to Integrity Coal Sales, Inc, New York. Integrity is the company's offtake partner. The generation of the company's initial revenue is in line with the expected timescale set out in the company's announcement, on 17 January 2022, of the delivery of 8840 clean t of Hi Vol B metallurgical coal to Integrity.
Adam Wilson, Bens Creek CEO, said: “We are delighted to have received part payment for our first coal sales in accordance with the anticipated quality of our product and within the timelines previously announced. This is a key step towards what we hope will be the creation of a highly successful business.”
