The long-term success of dual-listed coal miner MC Mining is largely dependent on its ability to develop and operate its flagship Makhado coal project.
MC Mining has signed an off-take agreement with ArcelorMittal South Africa to purchase hard coking coal that will be produced from Phase 1 of Makhado.
Coal exploration, development and mining company MC Mining has been granted two key properties, the Lukin and Salaita properties, required for its Makhado hard coking and thermal coal project in South Africa.
Following the approval of MC Mining's ammended environmental authorisation for the transport of coal to the Musina rail siding by road instead of rail, the same interest group that unsuccessfully appealed against the original Makhado EA, has appealed Limpopo Department of Economic Development, Environment and Tourism's decision.
MC Mining announced that the DMR has timeously approved the requisite application and the first quarterly payment of R11.3 million has been recieved.
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