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BRIEF-MC Mining Says Makhado Phase 1 Hard Coking Coal Off-Take Signed

Published 19/06/2019, 04:45 pm
© Reuters.  BRIEF-MC Mining Says Makhado Phase 1 Hard Coking Coal Off-Take Signed
MCM
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June 19 (Reuters) - MC Mining Ltd MCM.AX :

* MC MINING LIMITED - MAKHADO PHASE 1 HARD COKING COAL OFF-TAKE SIGNED

* MC MINING LTD - ANNOUNCE COMPLETION OF MAJOR MILESTONE FOR COMPANY THROUGH SIGNING OF AN OFF-TAKE AGREEMENT WITH ARCELORMITTAL SOUTH AFRICA LIMITED

* MC MINING LTD - AGREEMENT RESULTS IN AMSA PURCHASING HARD COKING COAL THAT WILL BE PRODUCED FROM PHASE 1 OF MAKHADO COKING COAL PROJECT

* MC MINING LTD - AMSA WILL PURCHASE A MINIMUM OF 350,000 TONNES OF PHASE 1 HCC ANNUALLY AND HAS RIGHT TO ACQUIRE A FURTHER 100,000T PER YEAR

* MC MINING LTD - AGREEMENT WILL ENDURE FOR SHORTER OF TEN YEARS OR PHASE 1 LIFE-OF-MINE

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