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MCM.L (MCM) Share News

IN BRIEF: MC Mining secures ZAR60 million loan from shareholder

6th Jun 2022 13:40

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Enters into a ZAR60 million standby loan facility agreement with Dendocept (Pty) Ltd, which owns about 1.5% stake in the company. Proceeds from the facility will be used to advance early works at the Makhado hard coking coal project, enhance specific areas of the Makhado bankable feasibility study, carry out geotechnical and confirmatory drilling programmes, as well as fund working capital. Read More

UK shareholder meetings calendar - next 7 days

4th May 2022 15:53

MC Mining seeks to raise funds after boosting output in third quarter

29th Apr 2022 09:41

(Alliance News) - MC Mining Ltd said on Friday it was exploring ways to raise funds as the coal miner reported an increase in production in the third quarter, taking advantage of high prices. Read More

IN BRIEF: MC Mining completes feasibility study at the Makhado project

13th Apr 2022 13:44

MC Mining Ltd - Western Australia-based developer and producer of thermal and coking coal with projects in South Africa - Completes its bankable feasibility study at its Makhado hard coking coal project in the Limpopo province. Expects to finalise the financing for the project in the third quarter of 2022, with construction commencing soon after. Read More

IN BRIEF: MC Mining Executive Director Randazzo steps down

8th Apr 2022 15:02

MC Mining Ltd - South Africa-focused coal miner - Executive Director San Randazzo will step down with immediate effect, but will remain in the role of interim CEO until the board finds a suitable replacement. Randazzo has been part of MC Mining for three years since 2019. Read More

UK shareholder meetings calendar - next 7 days

4th Apr 2022 15:45

IN BRIEF: MC Mining loss narrows on higher revenue thanks to Uitkomst

14th Mar 2022 09:33

MC Mining Ltd - South Africa-focused coal miner - Reports pretax loss of USD1.3 million in the six months to December 31, narrowed from USD2.9 million a year prior. Revenue rises to USD13.0 million from USD8.8 million. MC Mining does not pay dividends. Read More

IN BRIEF: MC Mining chair exits, Mosehla steps in on interim basis

11th Mar 2022 08:46

MC Mining Ltd - coal miner focused on South Africa - Bernard Pryor will step down as chair from Friday. Long standing Non-Executive Director Khomotso Mosehla has been appointed as an interim chair pending the outcome of the shareholder requisitioned meeting scheduled for April 11. Read More

IN BRIEF: MC Mining well placed to develop Makhado project in SA

1st Mar 2022 12:28

MC Mining Ltd - coal miner focused on South Africa - Announces that subsidiary Baobab Mining & Exploration Pty Ltd has paid final instalment of ZAR35 million for the the Lukin and Salaita properties, which make up the Makhado hard coking coal project in South Africa. Read More

IN BRIEF: MC Mining shareholders call for GM in bid for board changes

14th Feb 2022 09:17

MC Mining Ltd - coal miner focused on South Africa - Receives notice from shareholders to requisition a general meeting to consider board changes. Proposed board removals are of interim Chief Executive Sam Randazzo as well as Chair Bernard Pryor. Proposed replacements include the appointment of former South African minister of finance, Nhlanhla Nene, and former Anglo American Coal CEO, Godfrey Gomwe. Gomwe is also currently a non-executive director of Orion Minerals Ltd and AECI Ltd. Read More