MC Mining secures more funding for Uitkomst

South Africa-focused coal miner MC Mining has secured a R20-million facility from South African financial services provider ABSA Bank for its Uitkomst Colliery, to fund a potential expansion of operations.

Uitkomst transitioned to an owner-operated mine in August this year, with the acquisition of the independent underground mining contractor’s business operations, which included mining equipment and the transfer of approximately 340 contractor employees.