BISICHI MINING PLC
For the year ended 31 December 2018, I am pleased to report that your company achieved earnings before interest, tax, depreciation and amortisation (EBITDA) of £8.6million (2017: £3.7 million) and operating profit before depreciation, fair value adjustments and exchange movements (Adjusted EBITDA) of £9.1million (2017: £5.8million).
These results can be attributed mainly to the strong performance from Black Wattle, our South African coal mining operation, which continued to benefit from the infrastructure improvements to the coal washing plant that were reported to shareholders in 2017. These improvements have enabled the group to wash at consistent levels of production and achieve an increased overall yield compared to prior years. In addition, the mine was able to benefit from significantly improved coal prices achievable for our coal during the year. For more information please refer to our Annual Report below.
Notice of AGM Correction
May 17, 2019
Annual Report and Notice of AGM
May 10, 2019
Annual Report Year Ended 31.12.18
April 29, 2019
November 15, 2018
August 24, 2018
Bisichi Mining PLC is a fully listed mining 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 groups'
strategy is to create and deliver long term sustainable value to its stake holders through the
acquisition and investment in new mining operations in South Africa as well as through the
development of its existing operations. In addition to its mining activities, the group seeks
to balance the high risk of mining with a dependable cash flow and capital appreciation
from its UK property investment operations. The group invests in retail property across the
UK and owns a portfolio of retail property currently worth some £14m.
Sir Michael Heller, Chairman. Andrew Heller, Managing Director.
Anti-slavery & Human Trafficking Statement
Anti-slavery & Human Trafficking Statement for Bisichi for the financial year ended 31/12/17 available HEREANTI-SLAVERY & HUMAN TRAFFICKING STATEMENT