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MC Mining, China Railway ink EPC deal for Makhado coal project in South Africa

MC Mining Ltd. struck a deal with China Railway International Group Co. Ltd. for the engineering, procurement and construction, or EPC, contract at the former's Makhado hard coking and thermal coal project in South Africa.

The agreement includes financing for 85% of EPC costs and contract mining operations, subject to the deal's terms and conditions that will be finalized by June 2019.

Among the conditions set are the completion of the Makhado front-end engineering and design study, agreement on the EPC contract price by both parties and appropriate funding provided on acceptable terms.

MC Mining said Sept. 6 that off-take discussions for hard coking and export thermal coal production from Makhado are ongoing with various parties.