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Pin to quick picksMc Mining Share News (MCM)

Share Price Information for Mc Mining (MCM)

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Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
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MC Mining completes sale process of Mooiplaats stake

Thu, 30th Aug 2018 14:39

(Sharecast News) - MC Mining announced the completion of the Mooiplaats Colliery sale process on Thursday, reporting that the DMR had approved the requisite Section 102 application and the first quarterly payment of R11.3m had been received.The AIM-traded firm had announced in October last year that it had sold its shares and claims in the Mooiplaats thermal colliery for an aggregate purchase price of R179m.It said the conditions precedent for the transaction were satisfied in November, resulting in the company receiving the initial sale proceeds of R67.0m.The timing of the 10 equal quarterly payments to settle the remaining balance of R112.9m was scheduled to commence during August 2018, but was dependent on the Department of Mineral Resources (DMR) approving the Section 102 application to, amongst other things, incorporate certain prospecting rights into the colliery's mining right, failing which the payments would be delayed. "The Section 102 approval was the final requirement to complete the Mooiplaats sales process that commenced during 2013 and is another significant step in the clean-up of the company's balance sheet," said chief executive officer David Brown."The Mooiplaats disposal will result in estimated annual cost savings of R18m and the quarterly payments will be used to develop MC Mining's flagship Makhado hard coking coal project."
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29 Oct 2018 14:43

MC Mining brokers deal to sell Makhado coal to China

(Sharecast News) - 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 project in South Africa's Limpopo province on Monday.

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29 Oct 2018 08:23

Petra Diamonds Appoints MC Mining Chairman As Non-Executive Director

LONDON (Alliance News) - Petra Diamonds Ltd said on Monday it has appointed Bernard Pryor and Varda Shine as non-executive directors with effect on January 1, 2019.Pryor is chairman of MC a

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6 Sep 2018 13:40

MC Mining Inks Preliminary Pact With Chinese Firm For Makhado Project

LONDON (Alliance News) - MC Mining Ltd said Thursday it has signed a preliminary agreement with Chinese construction enterprise China Railway International Group Co Ltd for the Makhado hard coking

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3 Sep 2018 13:43

MC Mining Awaiting One More Government Decision Over Makhado Amendment

LONDON (Alliance News) - MC Mining Ltd on Monday said its subsidiary, Baobab Mining & Exploration Ltd, has been granted an amendment to the 2016 Environmental Authorisation of the Makhado by a

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16 Aug 2018 10:07

MC Mining Procures ZAR15 Million Facility For Uitkomst Colliery

LONDON (Alliance News) - MC Mining Ltd said on Thursday it has procured a revolving asset finance facility from ABSA Bank Ltd for its 70% owned Uitkomst Colliery.The rolling five-year worth

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15 Mar 2018 15:00

MC Mining Interim Loss Widens Amid Significant Impairment Costs

LONDON (Alliance News) - MC Mining Ltd said Thursday losses widened significantly in the first half of its financial year due to substantial impairment costs from the Vele and

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29 Sep 2014 10:00

Motivcom Continues To Recommend Sodexo Offer As Profit Declines

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12 Sep 2014 12:32

Motivcom Recommends GBP41 Million Takeover Offer From Sodexo

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27 Jun 2014 11:23

UK WINNERS & LOSERS: Imagination Technologies Leads FTSE 350 Fallers

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27 Jun 2014 09:28

Motivcom Says First-Half Is Below Expectations; Loses Key Client

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27 Jun 2014 09:11

UK BROKER RATINGS: UBS Cuts View On UK House Builders

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27 Mar 2014 15:27

Motivcom disappoints as corporate budgets remain tight

Results for 2013 were lower than expected for Motivcom, the employee benefits and loyalty group, as pressure on corporate budgets meant promotions and events divisions both endured plummeting profits. Gross profit fell 2% to £29.3m, but operating profits plus amortisation and impairments rose 5% to

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27 Mar 2014 13:50

Motivcom Raises 2013 Dividend, Cautiously Optimistic For 2014

LONDON (Alliance News) - Motivcom PLC Thursday raised its total dividend for 2013 as pretax profit rose, although revenue declined as budget pressures facing its clients continued to hit the company's Meetings and Events business. Motivcom said it was cautiously optimistic on its prospects

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27 Mar 2014 10:11

UK BROKER RATINGS: Liberum Cuts SSE To Hold From Buy

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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UBS RAISES KINGFISHER PRICE TARGET TO 440 (420) PENCE - 'NEUTRAL'
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HSBC RAISES KINGFISHER PRICE TARGET TO

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