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Advertisement MC Mining Ltd confirms that, further to its announcement of 7 December 2020, the recruitment process for a replacement permanent CEO is at an advanced stage and the company anticipates making a further announcement in due course. The outgoing acting CEO, Brenda Berlin, will step down on 15 February 2021 and Sam Randazzo, a Non-Executive Director of MC Mining will serve as interim CEO while the recruitment process is finalised. Berlin has worked closely with Randazzo, facilitating an orderly handover and her departure is not expected to impact the finalisation of the funding for the company’s flagship, fully permitted Makhado hard coking coal project nor the day to day running of the Group’s operating mine, the Uitkomst Colliery. ....
Advertisement MC Mining Ltd has announced that the South African Department of Mineral Resources & Energy (DMRE) has granted the remaining mining right for its 74% owned Mopane metallurgical and thermal coal project in the Limpopo province. The Mopane Project, together with the Chapudi and Generaal Projects, comprise the company’s longer-term Greater Soutpansberg Project (GSP) in the Soutpansberg Coalfield. The GSP is located within close proximity to the Musina-Makhado Special Economic Zone (SEZ), an area designated by government to focus on, amongst others, energy and metallurgical industries. The company submitted mining right applications for the three GSP project areas to the DMRE during 2013 and the Chapudi Project mining right was granted in December 2018, followed by the Generaal Project mining right in November 2019. The Mopane Project contains 230 million gross t in situ of measured and indicated coal resources and supports MC Mining’s strategy of being S ....
Advertisement MC Mining Ltd, which operates in South Africa, together with its subsidiaries, has provided an update for the three months ended 31 December 2020, the second quarter of the company s 2021 financial year (2Q FY21). Salient operational and corporate features The focus on health and safety continued at the high-grade Uitkomst metallurgical and thermal coal mine, with one lost-time injury (LTI) recorded during the quarter (1Q FY21: three LTIs). Measures previously implemented by the company to prevent the spread of COVID-19 remain in place. Uitkomst experienced a high level of absenteeism due to COVID-19, which resulted in a decline of run-of-mine (ROM) coal production by 14% on the comparative December 2019 period (2Q FY21: 108 945 t vs second quarter of the company’s 2020 financial year [2Q FY20]: 127 021 t). ....