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. Jump up to: 3.0 3.1 "Beacon Hill enters into mining contract with Mozambican government", Platts, April 30, 2013.

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