https://www.miningweekly.com

MC Mining to negotiate EPC package with Chinese group

6th September 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Coal miner MC Mining has signed heads of agreements with Chinese construction group China Railway International Group (CRIG) to negotiate an engineering, procurement and construction (EPC) contract for the Makhado project, in Limpopo.

Under the terms of the agreements, MC Mining and CRIG will negotiate a package that comprises the EPC for Makhado’s coal handling and processing plant, financing for  85% of the EPC costs and contract mining operations.

This will be conditional upon the finalisation of terms and conditions by June 2019.

These terms include completion of the Makhado project’s front-end engineering and design study and agreement on the EPC contract price by both parties, as well as appropriate funding provided on acceptable terms.

MC Mining reported on Thursday that offtake discussions for hard coking and export thermal coal production from Makhado were ongoing with various parties.

Earlier in the week, the Limpopo Department of Economic Development and Tourism amended MC Mining’s environmental authorisation, permitting the company to transfer coal by road instead of rail as originally scoped in the project.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION