Contango Holdings PLC is engaged in the exploration and development of coal projects, primarily focusing on the Lubu Coal Project in Zimbabwe, where it holds a 70% stake. The company also has a 24% interest in Monaf Investments (Pvt) Limited, which operates the Muchesu Mine, aimed at producing high-quality coking coal for industrial use in southern Africa. Contango generates revenue through royalties and investments related to its coal projects, with a commitment from partners to support the development of these operations.