MC Mining Ltd (GB:MCM) has released an update.
MC Mining Ltd reported increased coal production at its Uitkomst Colliery by 14% in Q3 of FY2024 compared to the same quarter last year, with a successful off-take term sheet signed with Paladar. Despite a downturn in international thermal coal prices, the company remained resilient with a focus on safety and efficiency. The quarter also saw a takeover offer from Goldway Capital, leading to significant corporate changes, including the resignation of key directors.
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