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The latest update is out from MC Mining Ltd ( (AU:MCM) ).
MC Mining Limited has commenced open pit mining at its flagship Makhado steelmaking hard coking coal project in Limpopo Province, South Africa. The project is progressing rapidly with a Coal Handling and Preparation Plant under construction, scheduled for completion by the end of 2025. The Makhado Project is set to produce 4 million tonnes of run-of-mine coal annually, with 880,000 tonnes of primary hard coking coal earmarked for the domestic steel industry, offering a logistics cost advantage over imports. This development supports South Africa’s industrialization efforts and positions MC Mining as a leading hard coking coal producer in the country, promising significant benefits for shareholders and contributing to regional social upliftment.
More about MC Mining Ltd
MC Mining Limited is an ASX/JSE-listed coal exploration, development, and mining company operating in South Africa. The company’s key projects include the Uitkomst Colliery, Makhado Project, Vele Colliery, and the Greater Soutpansberg Projects, focusing on metallurgical, thermal, and coking coal.
Average Trading Volume: 25,658
Technical Sentiment Signal: Sell
Current Market Cap: A$67.59M
For an in-depth examination of MCM stock, go to TipRanks’ Overview page.