Coal news and updates

Contango holds formal opening ceremony for Lubu Coal Mine

Contango Holdings Plc has advised the President of Zimbabwe, His Excellency Dr 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, Contango’s existing and potential partners, as well as members of the Contango Board.

This will mark the formal opening of the Lubu Coal Project, following the commencement of first washed coal last month.

Carl Esprey, CEO of Contango, comments:

“We are honoured that his Excellency Dr Emmerson Mnangagwa, President of Zimbabwe, will provide a formal ceremonial opening of Lubu next month. We have a world class resource, in excess of 2 billion t of coal, which is now in production. It is our intention, along with our partners, to establish a fully integrated operation, with a number of different revenue streams.

“Investors that wish to visit the site are encouraged to get in touch so that we can share our developments and demonstrate the significant potential offered by the Lubu Coal Project. An updated corporate presentation will be released in advance.”