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MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Expects to conclude funding processes for the Makhado hard coking coal project during the fourth quarter this year. The funding is expected to include a combination of debt and equity issues.
Earlier in the day, the company said trading in shares had been halted on the Australian Stock Exchange following a sharp rise in stock that was first noted late in July. But the share will continue to trade on the Johannesburg Stock Exchange and AIM's London Stock Exchange. MC Mining says it is not aware of any reason for the recent share price movement.
It expects to make a further announcement by Monday, when it will apply for its shares to resume trading on the ASX.
Current London stock price: 23.25 pence, down 3% on Thursday
12-month change: multiplied from 6.00p on September 10, 2021
Current Johannesburg stock price: R 5.13, down 3%
12-month change: multiplied from R 1.24 on September 9, 2021
Current Sydney stock price: A$0.50, up 25%
12-month change: multiplied from A$0.13 on September 9, 2021
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