Beacon Hill Resources sees widened loss in H1

Tuesday, 28 August 2012 15:39:51 (GMT+3)   |  
       

Australian coking coal producer Beacon Hill Resources has announced its interim results for the first half ended on June 30 of the current year.

Accordingly, the company's revenues decreased by 13.2 percent year on year to £253,503 ($400,472 million). In the first six months of the year, Beacon Hill posted a loss of £5.65 million compared to a £1.89 million loss a year earlier.

According to Beacon Hill's statement, the company remains on track for the Phase II expansion of its Minas Moatize coal mine located in Mozambique. The expansion will triple the coal output capacity to 1.8 million mt per year.


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