INTERIM MANAGEMENT STATEMENT
FOR IMMEDIATE RELEASE
19 NOVEMBER 2012
Bisichi Mining Plc
Interim Management Statement
Bisichi Mining Plc (“Bisichi”), the UK mining company with direct coal mining
operations in South Africa, is pleased to provide the following interim update
on its operations:
In 2012 to date the South African coal market has benefited from the improved
performance of the South African railway network, Transnet. This improved
performance along with the weakening of the South African Rand against the US
Dollar, has helped offset the impact of the weaker international coal prices.
Black Wattle, our South African coal mining subsidiary, has continued to build
on its strong performance in the first half of the year and has been able to
take advantage of the market conditions outlined above. In particular, in the
second half of the year to date, the mine has achieved an average monthly
production of 170,000 tonnes, compared to the 150,000 tonnes achieved in the
first half of 2012 and the 135,000 tonnes achieved in the second half of 2011.
Finally, Bisichi’s UK property portfolio continues to perform well despite the
sluggish conditions in the UK economy and reported difficulties in the retail
property sector.
For further information, please call:
Andrew Heller, Bisichi Mining PLC 020 7415 5030
