Bisichi Mining (GB:BISI) has released an update.
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Bisichi Mining PLC faced a challenging financial year in 2023, with a substantial decrease in earnings primarily due to lower export sales impacted by the performance of Transnet and lower coal prices. Despite difficult mining conditions and lowered production at Black Wattle Colliery, the opening of a new mining area led to improved coal production and reduced costs. The company remains optimistic about future performance, given stable coal prices and improved operations at Black Wattle. A total year-end dividend of 4p per share was proposed, reflecting a cautious stance in light of the year’s difficulties.
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