MC Mining Targets 800,000 Tonnes Hard Coking Coal by End 2026

Shareholding Update

MC Mining Limited has announced a notable shift in its ownership structure following the completion of the sixth tranche of a share subscription arrangement. Kinetic Development Group Limited now holds approximately 44.01% of the company’s issued ordinary shares, marking a significant stake that could influence future strategic decisions. Further share issuances remain contingent on meeting certain conditions, suggesting potential for additional changes down the line.

Progress at Makhado Project

The company’s flagship Makhado Project in Limpopo Province, South Africa, continues to advance steadily from construction into commissioning. This steelmaking hard coking coal operation is on track to become South Africa’s only large-scale producer of this critical coal type, with a planned mine life of 28 years. Key milestones include the removal of over 5 million cubic metres of overburden and nearing completion of the coal handling and preparation plant (CHPP), with construction expected to finish by March 2026.

Safety, Environment, and Infrastructure

MC Mining highlights an impressive safety record, boasting 1,005 lost-time injury free days and over 1.5 million manhours worked without incident as of December 2025. Environmental stewardship remains a priority, with zero reportable incidents reported. Infrastructure developments such as a permanent access bridge and power line installations are progressing well, supporting the operational ramp-up.

Production Outlook and Expansion Potential

The company reiterates its production guidance, aiming for steady-state output of 800,000 tonnes of hard coking coal annually by the end of 2026. Initial production will depend on commissioning success and operational conditions. Looking ahead, MC Mining envisions expanding capacity to 2.2 million tonnes of coking coal and 1.8 million tonnes of thermal coal per year within two years, subject to technical, regulatory, and funding approvals.

Local Economic Impact

With a workforce of 970 onsite, nearly half are sourced from the local Makhado municipal area, reflecting the company’s commitment to community engagement. Training programs are actively enhancing skills in critical areas such as equipment operation and safety. Local businesses have also benefited from contracts related to site preparation, transport, and infrastructure, underscoring MC Mining’s role in regional economic transformation.

Looking Ahead

MC Mining’s Managing Director Christine He emphasises the importance of responsible resource development and strong stakeholder relationships. The company’s consistent safety, environmental, and regulatory compliance achievements position it well as it approaches first coal production. Investors will be watching closely as commissioning progresses and production ramps up, with future expansion plans adding an element of strategic interest.