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MC Mining - temporary suspension of operations
MC Mining announced the temporary suspension of operations at Uitkomst Colliery ("Hibernation"), effective from 01 March 2026, subject to regulatory and statutory approvals. This decision follows ongoing operational underperformance and sustained cash losses despite turnaround efforts in 2025. The suspension aims to limit cash outflows, preserve asset value, and allow for a strategic review. The hibernation is not a permanent closure or liquidation, and will be conducted in a structured, compliant, and socially responsible manner. Employee retrenchments will follow labour laws, and measures will be taken to secure assets and maintain environmental and social compliance during this period.
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