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Maroc Maroc - WN.COM - Business - 14/Mar 10:51

MC Mining improves loss figures; Makhado Project gathers momentum

JSE-listed MC Mining, previously known as Coal of Africa, has improved its attributable loss by 2% to $8,1 million or 1,22 cents per share in the six months to December 31, after lower sales volumes at Uitkomst mine - which has since temporarily suspended operations - and weaker thermal coal prices. The company said in results released on Friday that revenue fell by 22% to $6,6 million. Cost of sales decreased by 12% to $11,1m, resulting in a gross loss of $4,5m, which was slightly worse than the $4,2m gross loss at the same...

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