The development of the Makhado project will make MC Mining the pre-eminent South African producer of hard coking coal, the ASX-, JSE- and Aim-listed company said on Tuesday. Reporting on the company’s activities in the quarter ended June 30, CEO David Brown said the long-term viability of Makhado’s coking coal was supported by global steel demand that was expected to grow over the next ten years, with economic development and urbanisation driving increases in per capita steel use.
