Junior coal miner MC Mining wants to raise R472m for its Makhado Project in Limpopo via a fully underwritten rights issues, the company said on Tuesday, as it looks to become the premier producer of hard coking coal in SA.

MC Mining, valued at R806m on the JSE, owns the majority stake in the Makhado Project in the Soutpansberg coalfield about 15km north of Louis Trichardt. The hard coking and thermal coal opencast project has 188.3Mt in reserves...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.