MC Mining hit by soaring costs in first half
15th Mar 2024 10:26
(Sharecast News) - Shares in South Africa-focused coal miner MC Mining slipped on Friday after the company reported that half-year losses surged on the back of soaring costs and lower prices.
Read moreVulcan proposes MC Mining takeover at higher price than Goldway offer
8th Mar 2024 14:37
(Sharecast News) - MC Mining confirmed receiving a proposal from Vulcan Resources, the operator of the Mozambique's largest coking coal mine Moatize, on Friday.
Read moreMC Mining raises £0.45m for Makhado coal project
4th Sep 2020 10:27
(Sharecast News) - MC Mining announced the conclusion of a subscription agreement with Columbia Skies Holdings on Friday, raising ZAR 10m (£0.45m) for both general working capital, and the Makhado hard coking coal project.
Read moreMC Mining suspends coal production and pay for non-essential staff
26th Mar 2020 09:16
(Sharecast News) - MC Mining announced the lockdown and suspension of coal production on Thursday, following a directive from the South African government requiring a 21-day national lockdown, effective midnight from 26 March to 16 April, in a bid to contain the spread of the Covid-19 coronavirus.
Read moreMC Mining granted mining right for Generaal Project
5th Nov 2019 11:01
(Sharecast News) - MC Mining announced on Tuesday that the South African Department of Mineral Resources (DMR) has granted a mining right for its 74%-owned Generaal coking and thermal coal project in the Limpopo province.
Read moreWednesday broker round-up
9th Oct 2019 12:51
(Sharecast News) - Volution Group: Peel Hunt upgrades to buy with a target price of 200p.
Read moreMC Mining refreshes cooperation agreement with Haohua Energy
21st Jun 2019 09:41
(Sharecast News) - MC Mining announced the signing of a cooperation agreement with Haohua Energy International Hong Kong (HEI) on Friday, which is a wholly-owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, the largest exporter of anthracite coal from China.
Read moreMC Mining signs off-take agreement with ArcelorMittal South Africa
19th Jun 2019 11:53
(Sharecast News) - MC Mining announced the completion of a "major milestone" on Wednesday, with the signing of an off-take agreement with ArcelorMittal South Africa (AMSA).
Read moreMC Mining completes sale and purchase agreement for Makhado coal
16th Apr 2019 15:38
(Sharecast News) - MC Mining announced the conclusion of a coal sale and purchase agreement for the export quality thermal coal to be produced by the first phase of the Makhado hard coking and thermal coal project on Tuesday.
Read moreMC Mining shares rise as development continues
25th Jan 2019 09:50
(Sharecast News) - MC Mining updated the market on its second quarter ended 31 December on Friday, reporting that one lost-time injury was recorded during the period at the Uitkomst metallurgical and thermal coal colliery, up from nil in the first quarter.
Read moreMC Mining brokers deal to sell Makhado coal to China
29th Oct 2018 14:43
(Sharecast News) - MC Mining announced the conclusion of a coal purchase agreement for hard coking coal to be produced by the Makhado hard coking and thermal coal project in South Africa's Limpopo province on Monday.
Read moreMC Mining completes sale process of Mooiplaats stake
30th Aug 2018 14:39
(Sharecast News) - MC Mining announced the completion of the Mooiplaats Colliery sale process on Thursday, reporting that the DMR had approved the requisite Section 102 application and the first quarterly payment of R11.3m had been received.
Read moreMotivcom disappoints as corporate budgets remain tight
27th Mar 2014 15:27
Results for 2013 were lower than expected for Motivcom, the employee benefits and loyalty group, as pressure on corporate budgets meant promotions and events divisions both endured plummeting profits. Gross profit fell 2% to £29.3m, but operating profits plus amortisation and impairments rose 5% to
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreMotivcom aims for ISA appeal with steady growth and dividend
26th Sep 2013 16:21
Motivcom is a cash-generative business with a good dividend yield and a strong management team - it has fans among professional and private investors alike. With AIM shares finally allowed into ISAs since August, this looks a suitable piece for a broad portfolio. The group is split into two core ar
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