Contango Holdings Plc (Contango) is set to significantly ramp up operations at its Muchesu coal project following a US$20 million investment from Huo Investments (Pvt) Limited.
The funds, secured through a revolving facility agreement, are being channelled into expanding operations at the Muchesu site.
The London Stock Exchange-listed miner started developing the Muchesu coal project in Binga in 2022.