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…
Contango buoyed by new royalty business model
The two companies are currently finalising the payments schedule of the second US$1 million payment.