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MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Trading halt in MC Mining shares has been lifted and its stock has resumed trading on the Australian Stock Exchange. Trading in shares was halted on the ASX on Thursday following a sharp rise in stock that was first noted late in July. On Thursday, it surged by 25%. But the share continued to trade on the Johannesburg Stock Exchange and AIM's London Stock Exchange.
MC Mining said on Thursday it expected 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.
Current London stock price: 25.00 pence, up 2.0% on Friday
12-month change: multiplied from 6.00p on September 10, 2021
Current Johannesburg stock price: R 5.89, up 15%
12-month change: multiplied from R 1.24 on September 9, 2021
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