|
MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Says run-of-mine coal production at the Uitkomst metallurgical and thermal coal mine was 7% lower at 99,336 tonnes for the second quarter to December 31 from 107,188 tonnes in the same quarter a year earlier. Says production was adversely affected by geological conditions, as well as South Africa’s electricity blackouts, which interrupted underground mining operations. But the company records 56,817 tonnes of coal sales during the quarter, up from 49,063 tonnes. MC Mining also says detailed planning and fund-raising initiatives for the Makhado hard coking coal project continued during the second quarter. Current stock price in Johannesburg: R 3.72, down 9.3% on Tuesday 12-month change: multiplied from 88.37 rand cents on January 31, 2022 Current stock price in London: 18.04 pence, down 7.5% 12-month change: multiplied from 2.38p on January 31, 2022 Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
