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Home » Contango gets first royalty payment
Companies & Markets

Contango gets first royalty payment

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The two companies are currently finalising the payments schedule of the second US$1 million payment.
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Contango Holdings Plc says it has received its first royalty payment of US$200 000 from its Muchesu coal project in Zimbabwe.This payment is part of a Mineral Royalty Agreement (MRA) with Huo Investments (Pvt) Limited, which is set to bring the total royalty receipts to US$1,000,000 by the end of this month, with an additional…

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