Coal of Africa picks MCC

COAL of Africa has named MCC Contracts as its preferred partner to contract mine its Vele coking-coal open-cut mine in South Africa’s Limpopo Province.
Coal of Africa picks MCC Coal of Africa picks MCC Coal of Africa picks MCC Coal of Africa picks MCC Coal of Africa picks MCC

Courtesy Coal of Africa.

Angie Tomlinson

Vele, which Coal of Africa has a 74% interest in, holds a 721 million tonne resource.

Mining is expected to start in the third quarter of 2009 at an annualised rate of 1-1.5Mt, before ramping up to 5Mtpa.

A division of Eqstra Holdings, MCC’s current mining contracts involve excavation of more than 15Mt of ore and waste rock per month.

The surface mining contractor has a fleet of 1400 earthmoving and support equipment.

Coal of Africa was trading down 2.8% today at 86 cents mid-morning on the Australian Securities Exchange.

loader