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MC Mining (ASX:MCM) has secured the first offtake agreement for hard coking coal (HCC) from its Makhado project in South Africa's Limpopo province. The agreement, set to last three years, is ...
The development of the Makhado project will make MC Mining the pre-eminent South African producer of hard coking coal (HCC), the ASX-, JSE- and Aim-listed company said on Tuesday. Reporting on the ...
Offtake agreements have already been secured for 85% of the hard coking coal from the first phase and of the thermal coal by-product. "We're confident that we'll get Makhado Phase 1 ...
MC Mining confirmed the conclusion of their first off-take agreement for hard coking coal at their Makhado Project just north of the Soutpansberg this week. In a press release issued on Tuesday, the mining company said that the coal purchase agreement was reached between a subsidiary of theirs ...
Makhado is a coking and thermal coal project located in Vhembe District, the Limpopo province, South Africa. It is situated to the north of Soutpansberg, about 65km south-west of Musina and 35km north of Makhado town. The project is set to be the largest coking coal facility in South Africa, and is ...
The Makhado Project will produce hard coking and thermal coal through opencast mining. There are currently 172.73Mt run-of-mine (ROM) reserves in situ which will be mined over the life-of-mine of 16 years, expected to be mined at an average rate of 12.6Mtpa ROM. There is .
Oct 02, 2017· Coal of Africa's Makhado Project to start in a year. ... comprising 0.7mtpa to 0.8mtpa of hard coking coal and 0.9mtpa to 1mtpa of export quality thermal coal." ... the CoAL .
"The signing of the Phase 1 HCC off-take agreement with AMSA is a massively positive step for Makhado. MC Mining is now positioned to become South Africa's pre-eminent producer of high-grade metallurgical coal and the Makhado coking coal will partially replace coking coal currently imported.
Jul 15, 2019· MC Mining has announced the approval by the Industrial Development Corporation of South Africa of a term loan facility to fund the construction of Phase 1 of the Makhado hard coking coal project. The loan reaffirms the economics of the Makhado project and follows the conclusion of off-take agreements for the coal to be produced by Phase 1.
Dec 27, 2014· Makhado is a coking and thermal coal project located in Vhembe District, the Limpopo province, South Africa. It is situated to the north of Soutpansberg, about 65km south-west of Musina and 35km north of Makhado town.
Hard coking coal and thermal coal producer MC Mining, which was successful in securing the Industrial Development Corporation credit-approved facility of $17-million in July, is looking to raise $52-million to fund the first phase of the Makhado hard coking coal project as well as repay the current IDC loan. Alternative funding mechanisms are being pursued for Makhado's overwhelmingly ...
Sep 17, 2019· Makhado will be South Africa's first hard coking coal exporting mine to be developed in South Africa. The project is located 35 kilometres north of the town of Makhado in the Limpopo province and represents MCMining's most advanced project in the Soutpansberg Coalfield.
MC Mining's flagship Makhado hard coking and thermal coal project in the Soutpansberg coalfield in the Limpopo province is situated 36km north of the town of Makhado and 80km southeast of the Vele Colliery. The phased development of the Makhado Project will ensure continued scalability.
MC Mining says that will support the long-term viability of its Makhado hard coking coal project in Limpopo. With SA producing limited quantities of high-quality metallurgical coal, MC says the development of Makhado will make it the pre-eminent producer of hard coking coal, which trades at a significant premium to thermal coal and is a key ...
Oct 21, 2019· MAKHADO PHASE 1 HARD COKING COAL OFF-TAKE CONCLUDED MC Mining Limited ("MC Mining") is pleased to announce the completion of a major milestone for the company through the signing of an off-take ...
MC Mining announced the conclusion of a coal purchase agreement for hard coking coal to be produced by the Makhado hard coking and thermal coal .
MC Mining said on Wednesday it had signed an off-take agreement with ArcelorMittal South Africa (AMSA) that would result in the latter purchasing hard coking coal to be produced from Phase 1 of ...
Oct 30, 2018· MC Mining has concluded a coal purchase agreement for hard coking coal to be produced by the Makhado coal project located in the Limpopo province in South Africa. The parties to the agreement are MC Mining's subsidiary, Baobab Mining & Exploration, the owner of the Makhado project and Huadong Coal ...
Oct 29, 2018· MC Mining said that the three-year off-take will result in the supply of a minimum of 400,000 tonnes of hard coking coal per annum to HDCTC, which amounts to half of Makhado's annual hard coking ...
MC Mining said on Monday its subsidiary Baobab Mining & Exploration had completed the acquisition of the Lukin and Salaita properties, giving it key surface rights required for its Makhado hard coking and thermal coal project...
Apr 18, 2019· MC Mining Limited announced the conclusion of a coal Sale and Purchase Agreement for the export quality thermal coal to be produced by Phase 1 of the Makhado hard coking and thermal coal .
Sep 29, 2017· CoAL anticipated that a substantial portion of the hard coking coal produced will be sold locally with the balance sold on international markets. The coal miner has been trying to open the project for the last seven years, in the face of vehement environmental opposition. CoAL said it reviewed Makhado's development plan and re-assessed its ...
Coal exploration, development and mining company MC Mining has signed the first coal offtake agreement for hard coking coal (HCC) to be produced at its Makhado hard coking and thermal coal .
First Makhado project hard coking coal off-take agreement secured Posted by John on 29th October 2018 MC Mining Ltd has concluded a Coal Purchase Agreement for hard coking coal (HCC) to be produced by the Makhado hard coking and thermal coal .
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