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Uitkomst Colliery (70% owned). Uitkomst Colliery, located some 20km northwest of Utrecht and 23km northeast of Newcastle in the KwaZulu-Natal province, produces high-grade metallurgical and thermal coal. The colliery comprises an existing underground coal mine, with a planned 16-year life of mine, including the planned extension directly to the north of current operations. Uitkomst sells sized coal (peas) products and a 0 - 40mm product into the domestic metallurgical market for use as pulverised coal.
Makhado Project (95% owned - 69% post-Black Economic Empowerment transactions; Industrial Development Corporation of South Africa Limited (5%)). MC Mining’s flagship Makhado hard coking and thermal coal project in the Soutpansberg coalfield in the Limpopo province is situated 36km north of the town of Makhado and 80km southeast of the Vele Colliery.
Vele Colliery (100% owned). Vele Colliery is a semi-soft coking and thermal coal colliery in the Tuli Coalfield located 48km west of Musina in the Limpopo province of South Africa.
Greater Soutpansberg Projects (74% owned). The Chapudi, Mopane and Generaal Projects comprise MC Mining’s longer-term coking and thermal Greater Soutpansberg Projects (GSP), situated in the Limpopo province and in the vicinity of the Makhado Project.
South Africa produces significant quantities of thermal coal but has a very limited domestic supply of high-quality coking (metallurgical) coal and currently imports all of its hard coking coal requirements. Once developed, the Makhado Project will be the only significant hard coking coal mine in South Africa and will produce both hard coking coal as well as export quality thermal coal.
The presence of hard coking coal and the size of coal's resources, 2.4 billion tonnes in situ, is a differentiating factor from other coal junior mining companies.
|
Abridged summary of JORC-compliant resources and reserve statement 31 May 2012 |
JORC-compliant resources |
JORC-compliant reserves |
||
| Gross tonnes in situ (Mt) |
Gross tonnes in situ (Mt) |
Minable tonnes in situ (Mt) |
Reserves (Mt) |
|
| Vele | 795.7 | 672.9 | 362.5 | 325.6 |
| Makhado Project | 795.6 | 691.5 | 344.4 | 188.25 |
| Greater Soutpansberg Projects | 7,161.0 | 5,751.5 | 1,660.0 | - |
| Total | 8,752.3 | 7,115.9 | 2,336.9 | 513.85 |
