Kinetic Development Group Advances Makhado Mining Project Toward 2025 Completion

Reuters10-30

<a href="https://laohu8.com/S/KDGLF">Kinetic Development</a> Group Advances Makhado Mining Project Toward 2025 Completion

Kinetic Development Group Limited has announced substantial progress in its investment in MC Mining and the ongoing development of the Makhado Project. The company has successfully completed the first to fifth tranches of its share subscription, acquiring 277,557,929 new ordinary shares in MC Mining. Infrastructure works, including power supply, water supply, and road and bridge construction at the Makhado mining area, are advancing as planned, with completion targeted for December 2025. Construction of the mining area infrastructure and coal processing plant is also expected to finish by the end of 2025, with joint commissioning anticipated to begin in January 2026. Kinetic Development Group aims to ultimately hold a 51% stake in MC Mining upon completion of all subscription tranches.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetic Development Group Limited published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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