Makhado Lite Coking Coal Project, Limpopo

The Makhado coal project which MC Mining has a 100% interest in is situated north of Soutpansberg, 60km from Musina in the Limpopo Province, close to Rio Tinto’s Chapudi Project. The Makhado Colliery will be an opencast mine producing both domestic and export grade coal. The life of mine is expected to be approximately 27 years. Makhado is close to the railway line which runs from Musina and which is an important link to the Richards Bay Coal Terminal. The alternative route, through Mozambique to the port of Maputo, requires an upgrade which has been committed by the owners of both the rail line and the Maputo coal terminal. The resource will be mined on an opencast basis, with the potential to expand underground. Total project capital estimate has been revised from $406 million to $281 million. GPS coordinates lat: -22.7999984; long: 29.9141726.