MC Mining Ltd. concluded a hard coal purchase agreement for its Makhado project, located in South Africa’s Limpopo province. The purchasing group, the Huadong Coal Trading Center Co. Ltd., has logistics and bulk commodity trading interests.
The 3-year off-take agreement calls a minimum of 400,000 metric tons (mt) per year of hard coking coal (HCC) or one-half of Makhado’s annual HCC production. The Makhado project is expected to produce up to 800,000 mt of HCC annually and as much as 1 million mt of export quality thermal coal.
Read the Whole Article in our Digital Edition