StockMarketWire.com - Regency Mines said metallurgical coal production at its Omega project in the US was improving following disruptions caused by a move to a new location at the end of 2018.

'The key move of a high wall miner at the end of 2018 to a new location should provide three years of coal production and now enables increased output and operating efficiencies,' chairman Andrew Bell said.

'Once the second mining machine is moved to its new location we expect to see overall operations reaching a new level of turnover and profitability.'

'Many other initiatives are under way to tune up performance and increase production, and we look to the future with confidence.'

Regency Mines also said activity was increasing at its Mambare joint venture in Papua New Guinea, which was hoping to soon pursue a mining licence.




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