Africa focused coal miner Beacon Hill Resources is to seek a dual listing in Australia to broaden its market exposure and widen shareholder interest in the AIM listed group.

No new money will be raised through the listing, with the company to submit its application to the Australian Securities Exchange in the first quarter of next year. The group will retain its listing on AIM.

Mr Justin Lewis chairman of Beacon Hill said that "We believe that the dual listing of Beacon Hill on the ASX is a logical step in the company's corporate development and will provide Beacon Hill with access to a broader capital market base with a strong understanding of resources.“

Beacon Hill expects to make its first shipment of coal from the Minas Moatize coal mine in Mozambique shortly and Lewis added that an ASX listing will enable it to leverage off the Australian investment community’s knowledge of comparable Mozambique projects such as Rio Tinto's Benga and Zambeze.

(Sourced from www.proactiveinvestors.co.uk)