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MC Mining floats Vele sale after writedown

Rand and development plans lead to $87.5 million impairment

Staff reporter
The old me: Vele in its production days

The old me: Vele in its production days

The South Africa coal miner has cash flow from the Uitkomst colliery, bought last year, while it develops the Makhado thermal and metallurgical coal project. MCM, formerly Coal of Africa, reported...

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