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MC Mining Limited

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Market:
AIM
Market Cap:
£45.79 m
Price
32.50 GBX
Change
0.00%
52 weeks high
70.92
52 weeks low
16.00

In brief

MC Mining Limited (MCM) is an emerging developer of high-quality coking and thermal coal assets, located primarily in the Limpopo province of South Africa.

The purchase of the Uitkomst Colliery in 2017 has shifted the company’s focus from project development to operation.

Formerly known as Coal of Africa Limited (CoAL), the company received shareholder approval for its name change to MC Mining (MCM) in November 2017.

MCM, which focuses on its metallurgical coal assets, is listed on the AIM, ASX and JSE.

The company’s key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (hard coking and thermal coal), Vele Colliery (semi-soft and thermal coal) and the Greater Soutpansberg Projects – MbeuYashu (coking and thermal coal).

MCM strives to be the premier producer of hard coking, semi-soft and thermal coal in South Africa, driven by its slogan: Powering and empowering the nation.

Our good access to rail and port infrastructure, MCM can effectively service domestic and international markets; providing a much-needed resource for economic growth and development to the country and the provinces in which it operates.