LONDON, UK: Contango Holdings Plc, the established London-listed company focused on natural resource development, is thrilled to announce the successful reception of conclusive approvals for the export of coal from its Muchesu Project in Zimbabwe (“Muchesu”).

The green light from the Minerals Marketing Corporation of Zimbabwe marks a significant milestone for the company.

Building on this achievement, the company is delighted to confirm the execution of its inaugural sale to TransOre International FZE (“TransOre”), a move in line with their existing offtake agreement. TransOre has already commenced the collection of the initial coking coal product directly from the Muchesu mine site. Looking ahead, TransOre is gearing up to deploy additional trucks to Muchesu. The company plans to leverage its established coal export capacity at the Maputo and Beira ports to facilitate international product shipments for its clientele.

Contango Holdings signs coal offtake LOI with South Mining