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MC Mining announces Kinetic as new major shareholder
ASX- and JSE-listed MC Mining has advised that Hong Kong-listed Kinetic Development Group now holds 44.01% of the company’s shares following a range of share subscription arrangements valued at $91-million. Meanwhile, the company’s flagship Makhado project, in South Africa’s Limpopo province, continues to progress from construction to commissioning in line with development plans.
ASX- and JSE-listed MC Mining has advised that Hong Kong-listed Kinetic Development Group now holds 44.01% of the company’s shares following a range of share subscription arrangements valued at $91-million. Meanwhile, the company’s flagship Makhado project, in South Africa’s Limpopo province, continues to progress from construction to commissioning in line with development plans.
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