Mc Mining Share News (MCM)

MC Mining warns of uncertainty after posting widened annual loss

(Alliance News) - MC Mining Ltd on Friday reported that its annual loss widened and warned of "material uncertainty" due to a huge debt load.

IN BRIEF: MC Mining to raise ZAR472 million in rights issue

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Plans to raise AUD40 million, or about ZAR472 million, a rights issue of shares. The fully underwritten 1.012 for 1 rights issue of new shares in MC Mining is offered at AUD0.20 per new share in Australia and New Zealand, and ZAR2.36 per new share in South Africa.

IN BRIEF: MC Mining stock soars on JSE as trading resumes in Australia

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Trading halt in MC Mining shares has been lifted and its stock has resumed trading on the Australian Stock Exchange. Trading in shares was halted on the ASX on Thursday following a sharp rise in stock that was first noted late in July. On Thursday, it surged by 25%. But the share continued to trade on the Johannesburg Stock Exchange and AIM's London Stock Exchange.

UPDATE: MC Mining expects Makhado funding to finish in fourth quarter

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Expects to conclude funding processes for the Makhado hard coking coal project during the fourth quarter this year. The funding is expected to include a combination of debt and equity issues.

IN BRIEF: MC Mining share trading halted in Australia after 25% spike

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Trading in shares has been halted on the Australian Stock Exchange following a sharp rise in stock that was first noted late in July. But the share will continue to trade on the Johannesburg Stock Exchange and AIM's London Stock Exchange. MC Mining says it is not aware of any reason for the recent share price movement.

MC Mining shares sink as coal production drops in fourth quarter

(Alliance News) - MC Mining Ltd said on Friday coal production at its majority-owned colliery declined in the fourth quarter due to "ongoing major maintenance" and high prices.

IN BRIEF: MC Mining shares fall after inking coal marketing deal

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Signs coal sales & marketing deal with Overlooked Collieries Pty Ltd, under a contract to last until end of December. Under the deal, the agreement will facilitate the sale of at least 20,000 tonnes of coal from Uitkomst colliery per month at API4-linked coal prices, with Overlooked taking charge of transportation, stockpiling and export of the coal.

UK shareholder meetings calendar - next 7 days

IN BRIEF: MC Mining secures ZAR60 million loan from shareholder

MC Mining Ltd - Western Australia-based coal miner with projects in South Africa - Enters into a ZAR60 million standby loan facility agreement with Dendocept (Pty) Ltd, which owns about 1.5% stake in the company. Proceeds from the facility will be used to advance early works at the Makhado hard coking coal project, enhance specific areas of the Makhado bankable feasibility study, carry out geotechnical and confirmatory drilling programmes, as well as fund working capital.

UK shareholder meetings calendar - next 7 days

MC Mining seeks to raise funds after boosting output in third quarter

(Alliance News) - MC Mining Ltd said on Friday it was exploring ways to raise funds as the coal miner reported an increase in production in the third quarter, taking advantage of high prices.

IN BRIEF: MC Mining completes feasibility study at the Makhado project

MC Mining Ltd - Western Australia-based developer and producer of thermal and coking coal with projects in South Africa - Completes its bankable feasibility study at its Makhado hard coking coal project in the Limpopo province. Expects to finalise the financing for the project in the third quarter of 2022, with construction commencing soon after.

IN BRIEF: MC Mining Executive Director Randazzo steps down

MC Mining Ltd - South Africa-focused coal miner - Executive Director San Randazzo will step down with immediate effect, but will remain in the role of interim CEO until the board finds a suitable replacement. Randazzo has been part of MC Mining for three years since 2019.

UK shareholder meetings calendar - next 7 days

IN BRIEF: MC Mining loss narrows on higher revenue thanks to Uitkomst

MC Mining Ltd - South Africa-focused coal miner - Reports pretax loss of USD1.3 million in the six months to December 31, narrowed from USD2.9 million a year prior. Revenue rises to USD13.0 million from USD8.8 million. MC Mining does not pay dividends.