MC Mining (MCM) is an ASX/JSE-listed coal exploration, development and mining company with high-quality steelmaking and thermal coal assets in South Africa, encompassing long reserve life and excellent growth options.
FY2025 SALIENT FEATURES
Production
390,788t
metallurgical and thermal coal
Employees
XXX
employees and contractors
Net asset value
$83.2 million
FY2024: $75.4 million
Mineable in situ resource
2,218,452 Mt
inclusive of reserves
Our vision
MC Mining strives to be the premier producer of hard coking, semi-soft and thermal coal in South Africa
Our mission
To create sustainable benefits for all our stakeholders through a shared value approach.
Our values
Safety
We put safety first
in all we do
Integrity
We are honest, fair, ethical and transparent
Lead by example
We lead others by
our actions
Professionalism
We maintain high professional
standards in all that we do
Care, respect and trust
We always treat people with respect, dignity and courtesy regardless of background, lifestyle or position
Entrepreneurial spirit
We continue to find innovative ways to create value for all our stakeholders
Our purpose
At MC Mining, our purpose – powering and empowering the nation — is about driving economic growth through responsible resource development while creating opportunities that empower our people, uplift communities and strengthen South Africa’s future.
As South Africa’s population continues to grow, so does the demand for essential products and services. We recognise the responsibility that comes with meeting these needs and are deeply committed to conducting our business with integrity. Environmental stewardship and regulatory compliance are central to our operations, ensuring that our collieries and projects are developed and managed responsibly
and within the letter of the law.
Our current focus is the development of Makhado, a world-class hard coking coal project, achieving first coal in the first quarter of 2026.
Resources:
344.8Mt
Life of mine:
28 years
Mining method:
Opencast
Regulatory status:
Fully compliant
Corporate profile
The company was incorporated in Australia in 1979 as Coal of Africa Limited (CoAL). In November 2017, shareholder approval was given for a name change to MC Mining (MCM). The new name, which stands for “metallurgical coal,” better reflected the Company’s new strategic focus to become a cash-generative mid-tier coal producer.
The company’s assets, primarily located in South Africa’s Limpopo province, include the Makhado Project (hard coking and thermal coal), Vele Colliery (semi-soft and thermal coal) and the Greater Soutpansberg Projects – MbeuYashu (coking and thermal coal), as well as the Uitkomst Colliery (metallurgical and thermal coal) acquired, located in kwaZulu-Natal.
With good 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.
MC Mining’s primary focus is developing its flagship Makhado Project. In August 2024, the Company secured a key investment from Kinetic Development Group to advance the project. FY2025 marked a significant milestone for the Group with the commencement of project to achieve first coal by the first quarter of 2026.
MC Mining is listed on the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE). Its common shares are traded on the ASX under the ticker MCM and on the JSE under the ticker MCZ.
