MC Mining Limited Gets A Mining Right For Its Generaal Project

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MC Mining Limited Gets A Mining Right For Its Generaal Project

  • MC Mining Limited (MCM) has been granted a mining right for its majority (74%) owned Generaal coking and thermal coal project from the South African Department of Mineral Resources.
  • The company's longer-term Greater Soutpansberg Project is comprised of Generaal Project, situated in the Limpopo province, along with the Mopane and Chapudi Projects.
  • The project covers more than 407 million gross tonnes in situ of incidental coal possessions.
  • On 5th November 2019, at the time of writing, GMT 08:22 AM, MCM shares were trading at GBX 30.00, flat against the previous day closing price.

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