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Search results: Contango Holdings
Contango Holdings Receives US$1M in Royalties from Muchesu Coal Project
Contango Holdings Plc, the developer of the Muchesu Coal Project in Zimbabwe, has announced the receipt of an additional US$500,000 in royalty payments since February 2025.By Ryan ChigocheThis brings total royalties received under the Mineral Royalty...
Contango Holdings Transitions to Cash-Generative Royalty Model for Steady Revenue Growth as Firm Remains in the Red Contango Holdings
Contango Holdings is transitioning into a cash-generative royalty company, capitalizing on its operations at Muchesu Mine to secure steady revenue streams and long-term growth. This shift follows the implementation of a Mineral Royalty Agreement (MRA) with its...
Contango Holdings Closes in on the Sale of a 51% Stake in the Muchesu Coal Project
London Stock Exchange-listed entity Contango Holdings is set to sell a 51% stake in its 2 billion-tonne Muchesu coal project in Zimbabwe to Huo Investments.
by Ryan Chigoche
Currently, the coal project is 74.75% owned by Contango's subsidiary,...
Contango Holdings targets Sadc market
London Stock Exchange-listed Contango Holdings has started developing markets for its semi-soft coking coal being mined by its Zimbabwean mining unit due to a huge demand by users in the Southern Africa region.Tinashe MakichiContango has a...
Contango Secures $20M for Muchesu Coal Project
London Stock Exchange-listed mining and exploration company Contango Holdings has made significant strides in developing its 2.6-billion-tonne Muchesu coal project in Zimbabwe. It has secured a US$20 million Revolving Facility Agreement (RFA) from its new majority...
Contango Secures US$20 Million Investment to Accelerate Muchesu Coal Project Expansion
London Stock Exchange-listed mining and exploration junior, Contango Holdings, has secured a significant US$20 million investment from its strategic partner, Huo Investments (Pvt) Limited, to advance the Muchesu coal project in Binga.By Patricia RwafaThe investment marks...
Contango Hits Milestones at Muchesu Coal Project
Contango Holdings, a company listed on the London Stock Exchange, has raised £940,000 to develop their Muchesu coal project in Zimbabwe.
Contango owns 70% of the project and has begun coking and thermal coal production. The company is...
UK firm Contango in talks with Chinese steel giant for Hwange coal deal
Contango, the London-listed resources company, is in talks with Afrochine for the supply of coking coal to be produced at Contango’s Lubu project in Hwange.A statement by Contango says it is in discussions with the “Zimbabwean subsidiary...
Muchesu Coal Project Gains Momentum as Local Investor Increases Stake
Huo Investments (Pvt) Limited has deepened its commitment to Zimbabwe’s Muchesu coal project, reinforcing confidence in the mine’s long-term potential. Contango Holdings Plc confirmed that an entity controlled by a director of Huo Investments has acquired...
Commissioning of Binga Coal Mine Plant moved to July 31
Contango Holdings has announced the postponement of the commissioning of its coal mine plant in Binga. The formal opening ceremony, originally scheduled for this week and to be commissioned by President Mnangagwa, has been rescheduled to...
Mnangagwa to visit Lubu Coal project
Contango Holdings Plc has advised President Emmerson Mnangagwa, will be visiting the company’s flagship Lubu Coal Project on 21 July 2023.He will be joined by a number of senior Ministers, Zimbabwean officials, domestic and international press,...
London listed company’s wash plant in Zimbabwe now complete
Contango Holdings, a London-listed mining company, has completed the construction of the wash plant at its Lubu coking coal project in Zimbabwe.
The company reported that the refurbishment of the screen used to sort the coking coal...