Weighbridge at Contango's Muchesu mine
London-listed Contango Holdings has completed the installation of a weighbridge at its Muchesu coal project, in Zimbabwe, enabling trucks to collect coal from the mine and meet the necessary standards for sale and transportation in the country and beyond.
The weighbridge also helps to confirm the tonnages and subsequent sales totals of Contango’s coal.
Since officially opening the Muchesu mine on August 1, Contango has built a sizeable stockpile from ongoing production.
The company owns 70% of the mine, while the balance is owned by Zimbabwean stakeholders. The Muchesu coal project was previously known as the Lubu coal project and has a sizeable resource of more than 1.3-billion tonnes.
Meanwhile, Contango expects to announce first sales and revenues this month from minerals trader TransOre International, with which the company has an offtake agreement for 20 000 t a month of washed coking coal.