MC Mining brokers deal to sell Makhado coal to China (Sharecast News) - MC Mining announced the conclusion of a coal purchase agreement for hard coking coal to be produced by the Makhado hard coking and thermal coal project in South Africa's Limpopo province on Monday.
CoAL completed a Class II Definitive Feasibility Study on the Makhado Project during 2013 and anticipates developing the colliery to produce 2.3 million tonnes per annum (Mtpa) of hard coking coal and a further 3.2 Mtpa of thermal coal over a 16 year life of mine. Tests have confirmed that the coal can be successfully beneficiated to produce high strength coke for the steel manufacturing industry.
About MC Mining Limited: MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MCM's key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (coking and thermal coal).
In 2013, studies demonstrated the project's ability to produce around 2.3Mt of hard coking coal and 3.2Mt of thermal coal annually. The Makhado Project benefits from excellent existing infrastructure with respect to rail, road, power and port allocation.
Our vision: To be the premier producer of hard coking coal, semi-soft and thermal coal in South Africa. Our operating philosophy: MC Mining Limited (MCM) is an emerging developer of high-quality coking and thermal coal assets, located primarily in the Limpopo province of South Africa.
MC Mining on Monday concluded its first coal purchase agreement with Huadong Coal Trading Center (HDCTC ), a Chinese state-owned enterprise, for hard coking coal to be produced by the Makhado hard coking and thermal coal project in Limpopo province.
MC Mining Ltd has concluded a Coal Purchase Agreement for hard coking coal (HCC) to be produced by the Makhado hard coking and thermal coal project located in South Africa's Limpopo province. The parties to the Agreement are MC Mining's subsidiary, Baobab Mining & Exploration (Pty) Ltd, the
MC Mining has concluded a coal purchase agreement for hard coking coal to be produced by the Makhado coal project located in the Limpopo province in South Africa. The parties to the agreement are MC Mining's subsidiary, Baobab Mining & Exploration, the owner of the Makhado project and Huadong Coal
to be a world class hard coking coal product. Makhado project has potential to produce approximately 2Mtpa of hard coking coal and 3Mtpa of thermal coal. Wood Mackenzie is the most comprehensive source of knowledge about the world's energy and metals industries and were engaged to verify the expected product quality and marketability of the coal. The Makhado Project represents CoAL's …
"The signing of the first hard coking coal agreement is a significant step for Makhado, reaffirming its world-class coal qualities and international appetite for this type of coking coal," says MC Mining CEO Mr David Brown in the press release.
Hard coking coal from Makhado is proposed to be exported through the Maputo port (TCM) in Mozambique. Image courtesy of Gian. Image courtesy of Gian. Makhado is a coking and thermal coal project located in Vhembe District, the Limpopo province, South Africa.
Makhado will be South Africa's first hard coking coal exporting mine to be developed in South Africa. The project is located 35 kilometres north of the town of Makhado in the Limpopo province and represents MCMining's most advanced project in the Soutpansberg Coalfield.