Source - SMW
MC Mining said it had concluded a sale and purchase agreement for the export of thermal coal from the Makhado project in Mozambique.

The agreement had been signed with 'one of the world's largest producers and marketers of bulk commodities', the company said.

A nine-month first phase construction period for Makhado was expected to commence in the third quarter of 2019.

The first phase would generate around 3m tonnes per annum.

It would be transported and sold to subsidiary Limpopo which would, with its modified plant, complete the final processing producing up to 0.57Mtpa of export quality thermal coal and 0.54Mtpa of hard coking coal.