MC Mining raises flag on possible shares for cash as waits on new backers to support Makhado
MC MINING’S debt problems were eased earlier this month after the Industrial Development Corporation (IDC) agreed to extend the deadline for the repayment of some R160m as well…
Coal developer MC Mining waiting on IDC to agree to critical loan extensions
MC Mining’s funding problems took another turn after the coal development firm said today it had asked for more time to pay the balance on properties acquired in 2019. The…
China’s SA ambassador confirms no investment in Limpopo coal project
In another blow to South Africa’s struggling junior coal mining sector the Chinese government has confirmed that it is pulling out of funding a proposed, new 3GW coal-fired power…
MC Mining agrees coal prepayment as yet another SA coal miner fights for survival
MC Mining raised R29.7m in a coal pre-payment from a customer in an effort to stay afloat after posting losses and a cash outflow for the year ended June. The metallurgical and…
Thungela’s performance belies challenge SA coal producers face amid climate change
THUNGELA Resources last week produced strong interim numbers underpinning the performance of its share price since listing in Johannesburg in June: an improvement in three months…
UPDATED: Resgen raises R4.2bn for Boikarabelo, expects first coal in Q2 2022
RESOURCE Generation (Resgen) today said it had secured the R4.2bn needed to complete construction of its thermal coal mining project Boikarabelo in the Waterberg. The Waterberg,…