Can this lowly priced uranium project make big bucks?
A largely unknown mining junior listed on the London Stock Exchange – Neo Energy Metals, whose current share price is less than 1 pence – is on the point of finalising a deal…
China’s KDG completes takeover of JSE’s MC Mining
THE Hong Kong listed Kinetic Development Group (KDG) has completed the takeover of ASX and JSE listed coal producer MC Mining in which it now holds a 51% stake following…
MC Mining advances Makhado but shuts Uitkomst
MC Mining is pushing ahead with development of the Makhado hard coking coal mine in Limpopo and expects to begin hot commissioning activities and the start-up of the Coal Plant…
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining. The $90m (R1.6bn) deal was announced today by MC…
MC Mining advises shareholders to accept Goldway A$65.3m offer
AN independent committee appointed by Sydney- and Johannesburg-listed coal miner MC Mining has recommended shareholders accept a A$0.16 per share takeover offer by Goldway…
MC Mining to downscale Vele Colliery as coal price slides
MC Mining announced on Wednesday the downscaling of already modest production at the Vele Colliery in South Africa’s Limpopo province owing to depressed thermal coal prices and…
MC Mining takeover delayed after bidding consortium misses deadline
A BID for control of MC Mining had been delayed, the company said on Wednesday, adding in its announcement to the JSE shareholders should “do nothing”. A bidder’s statement…
MC Mining facing more turmoil as shareholders launch takeover
MC MINING, the coal development firm, faces more corporate turmoil after it emerged today it was the subject of a takeover proposal. The offer is from Senosi Group Investment…
SA coal investor rides to the rescue of Bushveld Minerals
EVER since Anglo American closed the doors on its once-mighty Highveld Steel & Vanadium in 2007, investors have tried and failed to make a fist of the Mpumalanga assets. Russian…
MC Mining to double coal mining at Makhado owing to rand/dollar depreciation
A NEW coal mine planned for the Limpopo province is to increase production 60% over its life following adjustments to its plan published on June 30. MC Mining said it would sell…
MC Mining’s Vele colliery restart to create 245 permanent jobs
COAL production would restart this quarter at Vele, a Limpopo province colliery owned by MC Mining. The colliery has been in mothballs for about a decade. Commenting in a…
Minergy may revive rights issue as coal price breathes new life into struggling juniors
THERMAL coal producer Minergy is hoping to resuscitate a rights offer launched last year following an improvement in coal prices. Morné du Plessis, CEO of Minergy said in a…
MC Mining to get Makhado coal project on the road with long-awaited $40m rights offer
MC MINING plans to start construction of a new thermal and metallurgical coal mine planned for the Limpopo province in January provided it can successfully get a $40m rights…
Kalagadi Manganese may sell assets to repay part of R3bn debt to IDC
THE Industrial Development Corporation (IDC) has agreed that Kalagadi Manganese sell some of its assets in order to help repay about R3bn in outstanding loans owed to the…
MC Mining cautions investors after coal firm’s price gains 138% in last 30 days
MC MINING, a South African coal producer and development company, cautioned investors today regarding recent trade in its share price which has increased about 138% in 30 days,…
David Brown, Northam chairman and former Impala Platinum CEO, passes away
DAVID Brown, chairman of Northam Platinum, passed away on Sunday from a heart attack, according to industry sources. He was 59. Brown, who was also a non-executive director of…
MC Mining’s new installed management says Makhado coal project to be financed by Q3
MC Mining said today it had secured a R60m standby loan facility with one of its shareholders Denocept Proprietary with some of the funds earmarked for early works at the firm’s…
Musical chairs at MC Mining as CEO Sam Randazzo resigns ahead of this week’s EGM
MC Mining heads into an extraordinary general meeting (EGM) scheduled for Monday (April 11) without a permanent CEO after Sam Randazzo resigned from his post on Friday. The aim…
MC Mining chair resigns a month ahead of critical EGM saying coal firm in better shape
MC MINING chairman Bernard Pryor has stepped down from the board a month before a critical extraordinary general meeting (EGM) which called for his resignation, as well as that…
MC Mining chairman Bernard Pryor calls EGM saying proposed ouster is led by rejected lender
MC MINING has called an extraordinary general meeting (EGM) after a 6.8% shareholder called for the resignation of key executives amid delays in building the firm’s R575m Makhado…