Annual Report

I am very pleased to report to shareholders our results for the year ended 31 December 2022. The increase in group earnings and cash generation during the year can be attributed to a strong performance from our South African coal processing operations. On behalf of the Board, our late Chairman, and shareholders, I would like to thank all of our staff for their hard work and dedication during the course of the year.

Company Overview

Bisichi PLC is a fully listed company, and its principal activity is coal mining in South Africa. The group is a controlling shareholder in Black Wattle Colliery, a coal mining and coal washing operation situated in Mpumulanga, South Africa. The company’s strategy is to create and deliver long term sustainable value to all our stakeholders through our business model which can be broken down into three main areas: acquisition & investment, production & sustainability, and processing & marketing. In addition, we seek to balance the high risk of our mining operations with a dependable cash flow from our UK property investment operations and listed equity investment portfolios. The company primarily invests in retail property across the UK as well as residential property development.

Andrew Heller Chairman & Managing Director