MC granted a mining right for Generaal project
South Africa's Department of Mineral Resources and Energy (DMRE) has granted a mining right for MC Mining's 74%-owned Generaal coking and thermal coal project, in Limpopo.
The project contains more than 407-million tonnes of inferred coal resources and supports MC's strategy of being South Africa’s pre-eminent producer of hard coking coal.
The Generaal project, together with the Chapudi and Mopane projects, make up the company’s longer-term Greater Soutpansberg project (GSP).
“The granting of the Generaal project mining right is a further step in unlocking value from MC’s significant coking and thermal coal assets, positioning the GSP to be a potential long-term coal supplier to industrial users both local and offshore, including the planned Musina-Makhado Special Economic Zone.
"The long-term development of the three GSP project areas is complementary to our flagship Makhado hard coking coal project. The company has made significant progress in advancing Makhado during the last 12 months and anticipates completing the Phase 1 capital raise process in the near term in order to facilitate the commencement of construction in the first quarter of the 2020 calendar year," comments CEO David Brown.
ASX-, JSE- and Aim-listed MC submitted mining right applications for the three GSP project areas to the DMRE during 2013. A mining right for the Chapudi project was granted in December 2018.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation