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IN BRIEF: IDC extends repayment date for MC Mining loan to November

28th Jan 2022 19:13

MC Mining Ltd - coal miner focused on South Africa - Industrial Development Corp of South Africa Ltd extends the date for repayment of the ZAR160 million loan, around USD10.3 million, and the terminal drawdown date of the additional ZAR245 million loan facility related to the development of the Makhado hard coking coal project to the end of November.

Repayment of the ZAR160 million loan was initially due by the end of January.

Current stock price: 4.95 pence in London, ZAR1.15 in Johannesburg

12-month change: down 34% in London, down 28% in Johannesburg

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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