|
MC Mining Ltd - Western Australia-based developer and producer of thermal and coking coal with projects in South Africa - Completes its bankable feasibility study at its Makhado hard coking coal project in the Limpopo province. Expects to finalise the financing for the project in the third quarter of 2022, with construction commencing soon after.
Study confirms 296 million mineable tonnes in situ of measured and indicated coal resources, 7.2 million mineable tonnes in situ of inferred coal resources and 69.3 million tonnes of proved and probable coal reserves.
MC Mining has a 68% interest in the Makhado project through its subsidiary, Baobab Mining & Exploration Pty Ltd.
Current stock price: R 129.00, up 1.6% in Johannesburg
12-month change: down 10%
Current stock price: 7.20 pence, up 15% in London
12-month change: up 11%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
