IDC agrees to extend repayment date of MC Mining loan
Repayment of a R160m loan was due at the end of November 2020, but is now due at the end of July, which MC Mining says is a show of support
10 February 2021 - 10:41
Junior coal miner MC Mining, which is developing SA’s only hard coking coal mine, says the Industrial Development Corporation (IDC) has agreed to push back repayment of R160m in loans, with interest, until the end of July.
MC Mining, formerly known as Coal of Africa, says this is a show of support for its flagship Makhado coal project, which could see its first coal sales in the first half of 2022...
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