Beacon Hill Resources is an AIM listed resource company focussed on building a portfolio of near term production projects in commodities relating to the steel production industry.
Beacon Hill Resources has two key assets that provide the group with exposure to the steel production industry:
Minas Moatize:
a producing coking coal mine that was acquired in May 2010.
- Minas Moatize is one of the few operating coal mines in the Tete Province of northern Mozambique, one of the world's largest undeveloped coking coal regions.
- The defined development plan is to increase current production to a run rate of 4Mtpa ROM, producing circa 2.35Mtpa of saleable coal.
- The Group has an off-take agreement with Global Coke for the coking coal product.
Tasmania Magnesite:
Beacon Hill is developing a magnesite deposit with a view to being in production in 2012.
- Magnesia is an industrial mineral used in the refractory industry (a key raw material in the manufacturing of steel), chemical and agricultural industry.
- Beacon Hill holds a large magnesite deposit in northern Tasmania with significant previous exploration and a JORC compliant resource of 39mt (13mt measured).
Beacon Hill Resources Plc's shares are traded on the Alternative Investment Market (AIM) of the London Stock Exchange under the code "BHR".
Beacon Hill Resources Plc is incorporated in England and Wales with registered number 5696680.
Beacon Hill Resources Plc's main countries of operation are Mozambique and Australia.