MC Mining Limited said Kinetic Development Group Limited now holds about 44.01% of its issued ordinary share capital after completion of the most recent tranche (Sixth Tranche of the Second Closing) under its share subscription arrangements, with any further share issues subject to conditions precedent. The company reported that its Makhado Project is progressing from construction to commissioning, with more than 5 million cubic metres of overburden removed to date and mining nearing the final stages of pit development, with coal seams expected to be exposed after the remaining stripping campaign. It said CHPP civil foundation works are largely complete, CHPP construction completion is targeted for end-March 2026, and hot commissioning and integrated trial operations are planned to start in April 2026, subject to construction completion and safety readiness reviews. Infrastructure updates included completion and operation of the permanent access bridge, largely completed installation of the 22kV main power line, and remaining infrastructure and power works targeted for the first quarter of calendar year 2026. MC Mining said it has not revised previously disclosed production objectives, reiterated a design to produce 800,000 tonnes of hard coking coal per year, and stated steady-state production is planned to be reached by the end of calendar year 2026. It also reported 1,005 lost-time injury free days (1,542,000 manhours) to end-December 2025 and zero reportable environmental incidents, and said the onsite workforce totals 970 people, including 435 employed from the Makhado municipal area.
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. MC Mining Limited published the original content used to generate this news brief via the SENS service, an information dissemination service administered by the JSE Limited ("JSE") (Ref. ID: S516905), on February 27, 2026, and is solely responsible for the information contained therein.
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