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Financial summary |
- Bisichi ends year in strongest ever financial position
- Bisichi Mining generates trading profit in excess of £2.3 million
- Group gearing falls from 22.4% to 15.2%
- £3 million held in cash
- Open cast coal mining expected to commence shortly at Black Wattle Colliery in South Africa
- Memorandum of Understanding signed with Barclays Capital Commodities Principal Invest Area to fund future mining investments
- Strong pipeline of potential coal reserve acquisitions
- Investment property portfolio revaluation disguises exceptionally strong performance
- Dividend increased by 20% to 3.0p per share
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