MC Mining: Makhado Project to start of coal production in H2 CY2024
MC Mining’s flagship Makhado steelmaking hard coking coal project (Makhado Project) is progressing the tender process for the selection of the mining, operating and maintenance contractors which will look to be completed in Q1 CY2024.
The Company is assessing the various scenarios for the Makhado Project to facilitate an accelerated start of coal production in H2 CY2024 (subject to further funding) and anticipates making further announcements in due course.
Uitkomst Colliery turnaround initiatives through underground production continues to yield positive results. Further market development initiatives will be completed to improve margins in H1 CY2024.
Due to recent production performance of the Vele Aluwani Colliery (Vele or the Vele Colliery), the Company in collaboration with its mining contractor, Hlalethembeni Outsourcing Services (Pty)Ltd (HOS) is immediately proceeding with a number of improvement initiatives.
