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MC Mining Advances Makhado Project Despite 26% Coal Production Drop
7:07pm on Friday 31st of January, 2025 AEDT
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Mining
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MC Mining Advances Makhado Project Despite 26% Coal Production Drop
7:07pm on Friday 31st of January, 2025 AEDT
Key Points
26% decline in Uitkomst Colliery coal production due to geological and equipment challenges
Sales of high-grade coal fell significantly to 61,195 tonnes from 102,266 tonnes year-on-year
Makhado Project development progresses with early works and long-lead equipment orders
Available cash and facilities dropped to US$4 million from US$10.8 million in prior quarter
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