29
Sep
12:53
MC seeks South Africa coking coal project funding
MC mining is seeking funding for the continued development of its Makhado hard coking coal project in South Africa, Kallanish notes.
MC has announced a fully underwritten 1,012 for 1 renounceable rights issue offer of new shares in MC Mining at an issue price of A$0.20 ($0.1296) per new share for eligible shareholders in Australia and New Zealand. The price for eligible shareholders in South Africa is meanwhile ZAR 2.36 ($0.1314). The move is design…
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Anonymous
Very good overview of the weekly steel market.
Anonymous