MC Mining Limited (ASX:MCM)
MC Mining Limited (ASX:MCM) is an emerging developer of high-quality coking and thermal coal assets, located primarily in the Limpopo province of South Africa.
The purchase of the Uitkomst Colliery (metallurgical coal) in 2017 shifted the companys focus from project development to operation. MCMs key projects include the Uitkomst Colliery, Makhado Project (hard coking and thermal coal), Vele Colliery (semi-soft and thermal coal) and the Greater Soutpansberg Projects MbeuYashu (coking and thermal coal).
MCM strives to be the premier producer of hard coking, semi-soft and thermal coal in South Africa, driven by its slogan: Powering and empowering the nation.
Through the company's access to rail and port infrastructure, MCM can effectively service domestic and international markets; providing a much-needed resource for economic growth and development to the country and the provinces in which it operates.
With a burgeoning population comes increased demands on the delivery of products and services to meet the requirements of a larger population with amplified needs. MCM is committed to the responsible development and management of its collieries and projects. Environmental best practice, incorporating regulatory compliance, is top priority at MC Mining.
The company is acutely aware of the necessity to balance the socio-economic potential of mining development with the potential impact it may have on natural and heritage resources. This has given rise to MCM's Co-existence model, a symbiotic model seeking to marry the sometimes divergent interests of mining development, agriculture, environment and heritage in order to create and enhance sustainable value for all stakeholders.
Formerly known as Coal of Africa Limited (CoAL), MCM is listed on the AIM, ASX and JSE.