Beacon Hill Resources

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According to the company's website, Beacon Hill Resources is an AIM listed coking coal producer focused on building and developing a portfolio of resource assets with near term production potential in commodities associated with the steel industry. The company operates and office in Mozambique, but has headquarters in the United Kingdom.[1]

Coal project

Beacon Hill Resources, through its subsidiary BHR Mining Limited, owns and operates the Minas Moatize coal mine in Mozambique.[2]

In April 2013 Platts reported that Beacon Hill Resources reported in its quarterly activities report that it had reached an agreement with the Mozambican government "allowing the government a 5% equity stake in the Minas Moatize coking coal project and giving it the option to acquire another 10% interest at fair market price." The company stated that in April it had signed a mining contract with the government which would "enhance the stability of the fiscal and regulatory environment for a period of 25 years."[3]

In 2012 Beacon Hill Resources produced just 54,432 mt of saleable coal. The company reported that it had negotiated a rail access agreement with logistics company Portos e Caminhos de Ferro de Mocambique to receive 500,000 mt/year rail capacity on the Sena railway to Beira Port.[3]

Articles and Resources

Sources

  1. "Global Coke Off-Take Agreement" Beacon Hill Website, accessed December 8, 2011.
  2. "Beacon Hill sees first Mozambique coal exports this year" Agnieszka Flak, Reuters, November 18, 2011.
  3. 3.0 3.1 "Beacon Hill enters into mining contract with Mozambican government", Platts, April 30, 2013.

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