MC Mining secures rights in South Africa

06Nov

MC Mining secures rights in South Africa

 

MC Mining (ASX:MCM) has been awarded a mining right for its 74 per cent owned Generaal coking and thermal coal project in the Limpopo province from the South African Department of Mineral Resources.

The project is located within close proximity to the Musina-Makhado Special Economic Zone – an area designated by government to focus on advancing energy and metallurgical industries.

The Generaal Project contains over 407 million gross tonnes in situ of inferred coal resources and supports MC Mining’s strategy of being South Africa’s pre-eminent producer of hard coking coal, used in the steel manufacturing process.

Shares in MC Mining (ASX:MCM) last traded at 55 cents on 21 October 2019. 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

28Jan

Electro Optic Systems Holdings (ASX:EOS) acquires US space communications business

28 Jan 2020 - Electro Optic Systems Holdings (ASX:EOS) has executed an agreement to acquire all of the business and assets of Audacy Corporation, a space communications company based in the US.

Read More
20Nov

Flexigroup (ASX:FXL) rebrands as humm to tap BNPL fertility market

20 Nov 2020 - Diversified payment company flexigroup (ASX:FXL) is changing its name to humm group limited, following shareholder approval at yesterday’s AGM.

Read More
12Feb

Bailador Technology (ASX:BTI) NTA rises 12.3%

12 Feb 2021 - Bailador Technology Investments (ASX:BTI) says pre-tax net tangible assets per share rose 12.3 per cent to $1.39 for the first half of the 2021 financial year.

Read More
24Dec

Cimic Group (ASX:CIM) finalizes 50% sale of Theiss

24 Dec 2020 - Cimic Group (ASX:CIM) has now signed relevant material documentation including financing agreements for the sale of 50 per cent of Thiess, the world’s largest mining services provider.

Read More
10Jun

Stocks of the Hour: Centuria, Austal, Woolworths & NAB

10 Jun 2021 - Our snapshot of company news making headlines featuring Centuria Capital (ASX:CNI), Austal (ASX:ASB), Woolworths (ASX:WOW) & National Australia Bank (ASX:NAB).

Read More
27Dec

Gold Road (ASX:GOR) earn-in agreement update

27 Dec 2019 - Cygnus Gold (ASX:CY5) has been notified by Gold Road (ASX:GOR) of their decision to withdraw from the Wadderin Letter Agreement.

Read More
24Jun

The Mirvac Group (ASX:MGR) reveals a reduction in value of properties

24 Jun 2020 - The Mirvac Group (ASX:MGR) today announced that its distribution for the year ending 30 June 2020 is 9.1 cents per stapled security.

Read More
24May

Snap dives 28% pulling ASX tech giants lower on rising inflation

24 May 2022 - Snap’s share price dived over 28% after an earnings miss, warning investors of a hiring slowdown with the Nasdaq futures falling 1.3% as investors fret about tech giant’s reliance on internet advertising. The news pulled Facebook-owner Meta Platforms and Google-owner Alphabet down 7 and almost 4% respectively.

Read More
17Feb

Vicinity Centres (ASX:VCX) suffers a $394.1 million loss

17 Feb 2021 - Vicinity Centres (ASX:VCX) today announced its results for the half-year ending 31 December 2020 (1H21), with a statutory net loss after tax of $394.1 million.

Read More
14Sep

BrainChip’s (ASX:BRN) Akida design is validated

14 Sep 2020 - Computer chip player BrainChip (asx:brn) says it has validated the design of its Akida Neuromorphic System-on-Chip (NSoC) design with functional silicon.

Read More