MC Mining 4Q Coal Production, Sales Slip; Price Per Ton Improved

MC Mining 4Q Coal Production, Sales Slip; Price Per Ton Improved

By Joe Hoppe

MC Mining Ltd. said Monday that coal production and sales at its South African metallurgical and thermal coal mine slipped in the fourth quarter, though prices improved.

The South Africa-focused mining company said run-of-mine coal production at its Uitkomst mine in South Africa was marginally lower on-year in the three months to Dec. 31, at 107,188 metric tons, down from 108,945 tons a year prior.

MC Mining said sales fell to 49,063 tons from 81,486 tons, though revenue per ton increased to $111 from $66.

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