Avani Resources completed the acquisition of a 29.9% stake in Bens Creek from MBU Capital for £21.5m.

Avani Resources, a commodities trading company, completed the acquisition of a 29.9% stake in Bens Creek, a company that owns and operates metallurgical coal mines, from MBU Capital, an investment firm, for £21.5m. "We are delighted to welcome Avani as a shareholder. The arrival of a global commodity trading group, which is the largest importer of metallurgical coal into India, on our share register is further confirmation of the appeal of the Bens Creek coal brand and testament to the underlying quality of our product. We are very much looking forward to working with our new shareholder, and we are sure that this is the start of what will be a burgeoning relationship. The skills and expertise that they bring with them are sure to be invaluable as we build the business," Adam Wilson, Bens Creek CEO.