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MCM.L (MCM) Share News

IN BRIEF: MC Mining beefs up board after two members leave

2nd Jul 2024 11:12

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Appoints Douglas Abrahams as a non-executive director, with effect from Monday. His appointment comes after the resignation of Andrew Mifflin and Julian Hoskin from the board. On Monday last week, MC Mining named Non-Executive Director Christine He as interim managing director & chief executive officer, effective from Monday. Her appointment came after Godfrey Gomwe stepped down as CEO, and as managing director. Read More

IN BRIEF: MC Mining secures ZAR20 million loan from shareholder

28th Jun 2024 17:10

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Signs a ZAR20 million loan facility with Dendocept (Pty) Ltd, which owns around 6.8% shareholder in MC Mining. Says proceeds from the facility will be utilised to fund group working capital. Read More

UPDATE: MC Mining picks Non-Exec Director Christine He as interim CEO

24th Jun 2024 15:38

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Names Non-Executive Director Christine He as interim managing director & chief executive officer, effective from July 1. Her appointment comes after the company said this morning Chief Executive Officer Godfrey Gomwe will step down from his role, and as managing director, with effect from June 30. Gomwe was hired as a non-executive director in April 2022, and was promoted to CEO later that month. Read More

IN BRIEF: MC Mining says CEO Gomwe to step down this month

24th Jun 2024 11:37

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Chief Executive Officer Godfrey Gomwe will step down from his role, and as managing director, with effect from the close of business on June 30. Gomwe was hired as a non-executive director in April 2022, and was promoted to CEO later that month. Read More

Goldway Capital offers to buy out remaining MC Mining shares

24th May 2024 10:32

(Alliance News) - MC Mining Ltd said on Friday Goldway Capital Investment Ltd had offered to buy out shares it does not already own in the coal producer. Read More

MC Mining expects exit from London's AIM market in June

20th May 2024 17:35

(Alliance News) - MC Mining Ltd said on Monday it expects to leave London's AIM market next month. Read More

IN BRIEF: MC Mining expects takeover by Goldway to complete Tuesday

30th Apr 2024 13:34

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Expects takeover by Goldway Capital Investment Ltd to be completed on Tuesday. The 16 Australian cent takeover offer was declared unconditional on April 8. Last week, Goldway said it has 93% of MC Mining's shares. Read More

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

25th Apr 2024 15:47

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

22nd Apr 2024 20:03

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News: Read More

MC Mining urges shareholders to accept Goldway offer in about-turn

10th Apr 2024 08:45

(Alliance News) - MC Mining Ltd said on Wednesday its shareholders should accept an offer from Goldway Capital Investment Ltd, in a dramatic twist that may see the takeover bid end early next week. Read More

UPDATE: MC Mining disappointed after Goldway Capital offer extension

4th Apr 2024 18:35

(Alliance News) - MC Mining Ltd said on Thursday it is "extremely disappointed" after Goldway Capital Investment Ltd extended the date for its offer to MC Mining's shareholders. Read More

Goldway Capital extends offer to MC Mining shareholders

4th Apr 2024 09:03

(Alliance News) - Goldway Capital Investment Ltd said on Thursday it has been allowed to extend the date by two weeks for its offer to shareholders of MC Mining Ltd. Read More

MC Mining reiterates opposition to Goldway takeover offer

3rd Apr 2024 13:21

(Alliance News) - MC Mining Ltd on Wednesday reiterated that its shareholders should reject an offer from Goldway Capital Investment Ltd. Read More

MC Mining vows to resume capital raise efforts if Goldway bid fails

25th Mar 2024 11:03

(Alliance News) - MC Mining Ltd said on Monday it will resume efforts to raise capital for its projects, if Goldway Capital Investment Ltd does not achieve the "minimum acceptance condition" for its offer as the deadline approaches. Read More

Goldway ups MC Mining interest as time ticks on takeover offer

22nd Mar 2024 11:56

(Alliance News) - Goldway Capital Investment Ltd on Friday warned that MC Mining Ltd has until April 5 to accept its acquisition offer. Read More

MC Mining says Goldway offer below independent valuation range

20th Mar 2024 15:32

(Alliance News) - MC Mining Ltd on Wednesday maintained that the takeover offer from a consortium led by Goldway Capital Investment Ltd undervalued the coal producer. Read More

MC Mining reaffirms Goldway bid rejection based on independent report

18th Mar 2024 11:42

(Alliance News) - MC Mining Ltd on Monday again urged shareholders to not accept a takeover offer from Goldway Capital Investment Ltd. Read More

MC Mining interim loss widens as coal prices tank and costs balloon

15th Mar 2024 10:56

(Alliance News) - MC Mining Ltd on Friday reported its interim loss deteriorated, thanks to weaker international coal prices and swelling costs. Read More

IN BRIEF: MC Mining gets second supplementary statement from Goldway

14th Mar 2024 10:36

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Says it has received a second supplementary statement from Goldway Capital Investment Ltd. Notes it is reviewing the contents of the second supplementary bidder's statement and will formally respond in due course. Goldway first launched its AUD0.16-a-share takeover bid for MC Mining last month. MC Mining had urged its shareholders to reject the February offer. Read More

IN BRIEF: MC Mining tumbles as Vulcan Resources backs off from offer

12th Mar 2024 10:07

MC Mining Ltd - Canberra, Australia-based developer of coal mines across South Africa - Vulcan Resources Ltd will not proceed with making a formal offer for MC Mining. On Friday last week, the owner and operator of the Moatize coal mine in Mozambique proposed offering between AUD0.17 and AUD.20 per MC Mining share, valuing it at between AUD69.34 million and AUD81.58 million, around GBP35.9 million to GBP42.2 million. The Vulcan proposal was higher than what was proposed by Goldway Capital Investments Ltd last month. Read More

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