CONTANGO Holdings operating a two billion tonne Muchesu coal project in Binga is optimistic that the transition to a cash-generative royalty company will support its growth.
The London headquartered firm partnered investor- Huo Investments to drive significant progress at the Muchesu Mine.
“We are well positioned to transition from being a mining operation to a profitable royalty business, with the infrastructure now in place to support continued growth…,” the group said.