MC Mining books annual loss; eyes funding for South Africa coal project

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MC Mining reported a full-year loss after its revenue fell and it booked impairment charges.

Pre-tax losses from continuing operations for the year through June amounted to $33.5m, compared to losses of $97.0m on-year.

The company said its main focus in the current financial year would be to secure sufficient funding for construction of the first phase of the Makhado coking coal project in South Africa.

At 2:17pm: (LON:MCM) MC Mining share price was 0p at 32.5p