Bens Creek IPO 'on the wrong side of the energy transition'

Coal company successfully lists on AIM

James Baxter-Derrington
clock • 2 min read
The placing for the coal miner was “significantly oversubscribed”
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The placing for the coal miner was “significantly oversubscribed”

Bens Creek Group, the owner of a metallurgical coal mine, successfully debuted on the UK’s AIM stock market yesterday (19 October), raising questions about the ESG credentials of the UK market.

The company successful raised £7m at a placing price of 10 pence per ordinary share, valuing the firm at £35m, and rose 5% on its first day of trading. Experts say only policy action can burst the carbon...

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