Mc Mining Limited
MCM.ASXEnergy
Coal Mining & Metals Processing
Market Data
$0.310
+0.1%$261.9M
-100000.0x
$-0.086
0.00%
+0.4%
Latest Earnings
MCM Half Year Results Announcement
13 March 2026
MC Mining reported a H1 2026 loss after tax of $8.1M (1.22 cents per share), a 2% improvement from H1 2025, though revenue declined 22% to $6.6M due to lower sales volumes at Uitkomst and weaker thermal coal pricing. The company is pivoting toward development of the Makhado Project (hot commissioning targeted April 2026) while hibernating Uitkomst operations from March 2026 to stem cash losses, and has received $35M in funding from Kinetic Development Group. Key points: Loss per share improved 33% to 1.22 cents (from 1.83 cents in H1 2025) despite ongoing operational challenges; Net asset value increased 23% to $101.9M reflecting $35M in funding received from Kinetic Development Group (KDG now holds 47.42% post-March 2026); Makhado Project advancing on schedule with hot commissioning of coal plant targeted for April 2026, positioning company for transition to primary producer status
Recent Announcements
MCM Half Year Results Announcement
MC Mining reported a H1 2026 loss after tax of $8.1M (1.22 cents per share), a 2% improvement from H1 2025, though revenue declined 22% to $6.6M due to lower sales volumes at Uitkomst and weaker thermal coal pricing. The company is pivoting toward development of the Makhado Project (hot commissioning targeted April 2026) while hibernating Uitkomst operations from March 2026 to stem cash losses, and has received $35M in funding from Kinetic Development Group. Key points: Loss per share improved 33% to 1.22 cents (from 1.83 cents in H1 2025) despite ongoing operational challenges; Net asset value increased 23% to $101.9M reflecting $35M in funding received from Kinetic Development Group (KDG now holds 47.42% post-March 2026); Makhado Project advancing on schedule with hot commissioning of coal plant targeted for April 2026, positioning company for transition to primary producer status
MCM Market Update
Kinetic Development Group Limited now holds approximately 44.01% of MC Mining following the completion of the sixth tranche of share subscriptions. The company's Makhado hard coking coal project in South Africa continues construction and commissioning activities on schedule, with plans to reach steady-state production of 800,000 tonnes per year by end of 2026, while maintaining strong safety (1,005 LTI-free days) and environmental records.
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