MC Mining revenue drops amid reduced coal sales, operational challenges
Cost of sales fell 48% to $12.5m, resulting in a gross loss for the six months to end-December
16 March 2025 - 18:30
MC Mining reported a drop in revenue for the six months to end-December on lower coal sales volumes and prices, which was worsened by operational challenges at its Uitkomst Colliery.
In a statement on Friday, the company said revenue fell 67% year on year to $8.4m while its cost of sales was down 48% to $12.5m, resulting in a gross loss...
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