HPC_Follower
19 Nov 2018
Game changer Been a shareholder here for many years, so I would also welcome your feedback; especially on when they might actually increase revenues.
2bozmo
19 Nov 2018
Game changer Hey buzz, I’m down to attend so if you (or anyone else) want any questions ask let me know.
The_buzz
19 Nov 2018
Game changer A bit of publicity for this RNS, but nothing new added. Probably the same article in multiple locations:- World Coal – 15 Nov 18 Baobab Mining & Exploration acquires key properties for Makhado project MC Mining’s subsidiary, Baobab Mining & Exploration, has reached agreement on the terms and conditions under which it will acquire two key properties required for its Makhado hard coking and thermal coal project in South Africa. [link] iol.co.za MC Mining says reaches deal to acquire properties for Makhado project | IOL... MC Mining said on Thursday its subsidiary Baobab Mining & Exploration had reached agreement on the terms and conditions to acquire two key properties. Spotted this water supply agreement with Zimbabwe for the SEZ: hopefully this will ease some of the water supply concerns:- ZWNEWS | Zimbabwe News | Latest Zimbabwe | Zim News Latest | Zim Latest News |... – 5 Nov 18 SA to draw water from Zimbabwe for Makhado-Musina Special Economic Zone | ZWNEWS... South Africa is in talks with Zimbabwe for the supply of water to the parched Makhado region. The long-delayed multi-billion rand Makhado-Musina Sadly I cannot make the AGM this year on Friday. It should be a more interesting meeting as s much is going on at he moment. The Buzz
2bozmo
15 Nov 2018
Game changer KEY SURFACE RIGHTS ACQUIRED FOR THE MAKHADO PROJECT MC Mining Limited (“MC Mining†or the “Companyâ€) is pleased to announce that its subsidiary, Baobab Mining & Exploration (Pty) Ltd (“Baobabâ€), has reached agreement on the terms and conditions under which it will acquire the two key properties required for its Makhado hard coking and thermal coal project (“Makhado Project†or “Makhadoâ€). The Purchase Agreement (the “Agreementâ€) will result in Baobab owning the Lukin and Salaita properties (the “Propertiesâ€) and is subject to a suspensive condition, which the parties have every expectation will be met in early January 2019. As previously stated the Company has been pursuing various avenues, including legal and negotiation on commercial terms with the owner, a privately owned company, who utilises the Properties for commercial hunting purposes. In terms of the Agreement, the Properties will be acquired for R70 million (US$4.8 million) to be settled in two equal tranches of R35 million (US$2.4 million) with the Properties pledged as security until the purchase price (including any accrued interest) is settled. The initial tranche is payable on transfer of the Properties while Baobab will have access to the Properties upon payment of this amount to the conveyancing attorneys. The second tranche will accrue interest at the South African prime interest rate (currently 10.0%) less 3.0% (from date of transfer) and is payable on the earlier of: · the third anniversary of the transfer of the Properties; or · the first anniversary of production of coal underlying the Properties; or · completion of a potential land claims and expropriation process that would, in all likelihood result in Baobab receiving market related compensation under present legislation. Should the Properties be expropriated in favour of the land claimants, MC Mining will negotiate access terms with the Minister of Land Affairs and the successful claimants who are expected to be communities who have a shareholding in Baobab. David Brown, MC Mining’s Chief Executive Officer commented: "The Agreement to acquire Lukin and Salaita is a significant step for MC Mining and completes the suite of surface rights required for our permitted flagship Makhado Project. With the acquisition of the Properties, the Company can proceed with the geotechnical and related studies for the mine’s infrastructure. The initial tranche of the purchase price will be funded from internal cash flows. MC Mining has made substantial progress on the Makhado Project milestones, including an off-take agreement for approximately half of the hard coking coal to be produced at the mine. Negotiations for the sale of the remaining hard coking coal as well as the thermal coal are at an advanced stage while funding initiatives are also progressing. The Company will keep shareholders appraised on these processes as well as the results of the geotechnical studies, with further updates expected in the March FY2019 quarter."
The_buzz
03 Oct 2018
Surge in Coking Coal Prices Australian coking coal price for October 2018 has jumped to $216/mt due to panic buying as a result of the fire at a Peabody mine and strong demand in the US on infrastructure projects.:- cmegroup.com Australian Coking Coal (Platts) Low Vol Futures Quotes - CME Group Find information for Australian Coking Coal (Platts) Low Vol Futures Quotes provided by CME Group. View Quotes [link] This must eventually feed in some way feed into the prices that MCM get for their coal, and for the Makhaido mine products. The Buzz
2bozmo
07 Sep 2018
Zoutnet article Been a lot written about us this week. I’m growing in confidence by the day this is happening. Peel hunt thinks Makhado has EBITDA of $80m. If assume P/E of 10 then time for re-rating [link] “At face value, the likelihood seems very small that the China/South Africa deal regarding the SEZs, as well as MC Mining’s continued attempts to get their Makhado Lite Colliery up and running, and even the government’s latest attempt to expropriate the farms Lukin and Salaita to gain access to the rich underground coal reserves without having to pay a cent for them are not interconnected.†Yes, looking more like a done deal to me
allend47
06 Sep 2018
Good News at Last - Makhado RNS yes, good news and upward movement
The_buzz
06 Sep 2018
Good News at Last - Makhado RNS [link] More good news and for once the share price has gone up!! I use this link - it seems to give real time prices:- [link] shows spread as 22-24p with a number of buys - some investors creeping out of the woodwork?? The Buzz
2bozmo
04 Sep 2018
Coal prices in Rand image.png1006x502 51 KB Still going up, RAND 3% weaker today.
2bozmo
03 Sep 2018
Musina_Makhado corridor …The agreements further include a MoU between the Department of Trade and Industry (the dti) and the National Development and Reform Commission (NDRC) of the People’s Republic of China to cooperate on international investment promotion for South Africa’s Special Economic Zones (SEZ) and Industrial Parks. The following projects within the Musina-Makhado SEZ have been prioritised for implementation - a 4600MW coal-fired plant, a cement plant and other metallurgical projects.
The_buzz
03 Sep 2018
Musina_Makhado corridor Aha is it part of this big announcement:- BBC News Xi denies funding African vanity projects China's president announces $60bn (£42bn) in aid and loans to boost development in Africa. Time ticks on and the share price of MCM seems to be going no where for ages. Or rather is seems to have been mostly going down despite hings getting better and better for MCM. Some day the huge coal resources under MCM’s control must add value. The Buzz
2bozmo
03 Sep 2018
Musina_Makhado corridor Been previously discussed but interesting. “But we’re starting to see other South African companies coming on board. For example‚ we’ve got Coal of Africa here with us as part of the delegation led by the president.†[link]
The_buzz
31 Aug 2018
Mooiplaats Deal Completion of conditions and commencement of 10 quarterly payments sounds good news to me. Ten lots of R11.3m will be a useful source of funds for the next projects. Will the share price go up today for a change? David Brown, CEO commented: “The Section 102 approval was the final requirement to complete the Mooiplaats sales process that commenced during 2013 and is another significant step in the clean-up of the Company’s balance sheet. The Mooiplaats disposal will result in estimated annual cost savings of R18 million and the quarterly payments will be used to develop MC Mining’s flagship Makhado hard coking coal project.†The Buzz
The_buzz
28 Aug 2018
Price Rise! This morning 21,000 sales and price drops to 18-21p. mid price of 19.5p or down about another 1p. I find this puzzling, especially if this is then only sale as it has a value of only about £4k. My other mining shares have been moving up and the price of coal remains strong. Today, even the UK is talking about investing in S Africa. The Buzz
2bozmo
23 Aug 2018
Price Rise! Hi buzz, the term land expropriation is quite confusing. In the UK this is the equivalent of a “compulsory purchase orderâ€. So the government, having granted us the NOMR and with all the other regulatory approvals in place tried to acquire the land, but the land owner obtained an interdict to stop this happening without it going to Court. We have also taking a legal route and are applying for land access and that is included in the Mining Right. I have heard we are meeting with the landowners in the next few weeks to potentially come to a commercial deal for the land. As we’ve not got offtake agreements and financing signed off, the acquisition of this land doesn’t change the timeframes we’re working to. I think the landowners have been mischief making and giving this some attention to get a better price for their land.
