Contango Holdings Plc (GB:CGO) has released an update.
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Contango Holdings Plc is advancing its Muchesu coal project in Zimbabwe with significant investments from Huo Investments, which will become the largest shareholder following a $2 million subscription. The company has completed the installation of a Dense Media Separation plant and plans further expansions to boost production. As Contango transitions to a royalty-focused model, it aims to generate cash flow and implement a dividend policy while reducing operational costs.
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