Australian coking coal producer Beacon Hill Resources announced on September 27 its interim results fort he first half of the current year.
Accordingly, the company increased revenues by 403 percent to £0.29 million ($0,57 million) from £58,022 ($90,799) recorded in the same period last year. In the first six months of the year, Beacon Hill posted a loss of £1.9 million compared to a £1.26 million loss a year earlier.
Beacon Hill Resources' Chairman Justin Lewis, commenting on the company's results, said "We are making good progress at both our Minas Moatize Coal Mine in Mozambique and at our Arthur River Magnesite Project in Tasmania, as we advance our strategy of building and developing resource assets in commodities associated with the steel industry."