Page 144 - Profile's Stock Exchange Handbook - 2025 Issue 3

JSE - MC Profile’s Stock Exchange Handbook: 2025 - Issue 3

MC Mining Ltd. Merafe Resources Ltd.

ISIN: AU000000MCM9 SHORT: MC MINING CODE: MCZ ISIN: ZAE000060000 SHORT: MERAFE CODE: MRF
REG NO: ABN008905388 FOUNDED: 1979 LISTED: 2006 REG NO: 1987/003452/06 FOUNDED: 1987 LISTED: 1988
NATURE OF BUSINESS: MC Mining is an ASX/JSE-listed coal NATURE OF BUSINESS: Merafe is listed on the Johannesburg Stock
exploration, development and mining company operating in Exchange (JSE) and A2X in the General Mining sector under the
South Africa. MC Mining’s key projects include the Uitkomst share code MRF. Merafe’s business is the 20.5% participation
Colliery (metallurgical and thermal coal), Makhado Project (hard through its wholly-owned subsidiary, Merafe Ferrochrome, in
coking coal), Vele Colliery (semi-soft coking and thermal coal), and the earnings before interest, tax, depreciation and amortisation
the Greater Soutpansberg Projects (coking and thermal coal). (EBITDA) of the Venture in which Glencore Operations South
SECTOR: Energy--Energy--OilGas&Coal--Coal Africa (Pty) Ltd. (Glencore) has a 79.5% participation. The group’s
NUMBER OF EMPLOYEES: 554 major shareholders are Glencore (Netherlands) B.V. (Glencore BV)
DIRECTORS: Lanlan W (ne), Muhui H (ne), Pavlovski B (ne), and the Industrial Development Corporation of South Africa (IDC).
Senosi M (ne), Wang Dr H (ne), West Dr S (ne), Zhen B H (ne, China), Merafe and Glencore formed the Venture in July 2004 when they
He Y (CEO & MD, ne) pooled their chrome operations to create the largest ferrochrome
MAJOR ORDINARY SHAREHOLDERS as at 3 Sep 2024 producer in the world.
Goldway Capital Investment Ltd. 26.30% SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining
Senosi Group Investment Holdings (Pty) Ltd. 20.00% NUMBER OF EMPLOYEES: 6 591
Kinetic Crest Ltd. 13.00% DIRECTORS: Green D (ne), Mabusela-Aikhuere N (ind ne),
POSTAL ADDRESS: Ground Floor, Greystone Building, Fourways McGluwa D (ne), Mclaughlan J (ind ne), Tlale K (ind ne), Vuso M J (ind ne),
Golf Park, Roos Street, Fourways, 2191 Phiri S D (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
MORE INFO: www.sharedata.co.za/sdo/jse/MCZ MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024
COMPANY SECRETARY: Blagojce (Bill) Pavlovski Glencore BV 28.82%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Industrial Development Corporation of SA Ltd. 21.88%
SPONSOR: Investec Bank Ltd. POSTAL ADDRESS: PO Box 652157, Benmore, 2010
AUDITORS: Mazars Inc. MORE INFO: www.sharedata.co.za/sdo/jse/MRF
CAPITAL STRUCTURE Authorised Issued COMPANY SECRETARY: CorpStat Governance Services
MCZ Ords no par value - 414 013 349 TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
SPONSOR: One Capital Sponsor Services (Pty) Ltd.
LIQUIDITY: Jul25 Avg 51 078 shares p.w., R74 439.5(0.6% p.a.) AUDITORS: Deloitte & Touche Inc.
MC MINING 40 Week MA OILP CAPITAL STRUCTURE Authorised Issued
1400
MRF Ords 1c ea 3 500 000 000 2 499 126 870
1200
DISTRIBUTIONS [ZARc]
1000
Ords 1c ea Ldt Pay Amt
800 Final No 21 1 Apr 25 7 Apr 25 8.00
600 Interim No 20 3 Sep 24 9 Sep 24 20.00
400 LIQUIDITY: Jul25 Avg 12m shares p.w., R16.2m(25.1% p.a.)
200
MERAFE 40 Week MA INDM
200
0
2021 2022 2023 2024 2025 180
160
FINANCIAL STATISTICS 140
(USD ’000) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21 120
Interim Final Final Final Final 100
Turnover 8 384 36 665 44 799 23 511 20 702 80
Op Inc - 8 038 - 13 849 - 2 724 - 19 154 - 10 676 60
NetIntPd(Rcvd) 584 1 217 1 284 1 565 1 431 40
Minority Int - 68 - 329 - 83 - 103 - 93 20
Att Inc - 8 317 - 14 319 - 4 315 - 20 732 - 11 744 2021 2022 2023 2024 2025
TotCompIncLoss - 11 946 - 12 923 - 14 874 - 33 181 6 567 FINANCIAL STATISTICS
Fixed Ass 31 684 33 745 34 621 23 475 27 370 Dec 24 Dec 23 Dec 22 Dec 21 Dec 20
Tot Curr Ass 6 800 2 206 16 045 8 531 7 494 (R million) Final Final Final Final Final
Ord SH Int 76 937 76 643 88 258 77 960 107 245 Revenue 8 443 9 244 7 939 8 063 4 780
Minority Int - 1 304 - 1 236 - 907 - 824 - 721 Op Inc 822 2 315 1 925 2 315 - 1 351
LT Liab 12 379 13 624 11 663 14 337 13 166 NetIntPd(Rcvd) - 65 - 38 - 25 - 11 - 5
Tot Curr Liab 28 659 26 608 25 421 33 942 35 087 Att Inc 667 1 753 1 410 1 674 - 1 003
PER SHARE STATISTICS (cents per share) TotCompIncLoss 667 1 753 1 410 1 674 - 1 003
HEPS-C (ZARc) - 33.54 - 64.52 - 25.94 - 54.64 - 51.32 Fixed Ass 1 125 1 388 1 075 713 339
NAV PS (ZARc) 305.26 336.88 415.77 641.29 995.22 Tot Curr Ass 4 882 5 182 4 509 4 179 2 609
3 Yr Beta 0.65 0.42 - 0.41 1.28 1.73 Ord SH Int 4 876 5 259 4 330 3 770 2 277
Price High 246 262 797 206 400 LT Liab 340 419 418 283 192
Price Low 134 145 118 90 85 Tot Curr Liab 926 971 908 892 644
Price Prd End 169 192 235 145 103 PER SHARE STATISTICS (cents per share)
RATIOS HEPS-C (ZARc) 42.90 60.10 56.40 66.95 - 0.80
Ret on SH Fnd - 22.17 - 19.43 - 5.03 - 27.01 - 11.11 DPS (ZARc) 28.00 42.00 25.00 29.00 -
Oper Pft Mgn - 95.87 - 37.77 - 6.08 - 81.47 - 51.57 NAV PS (ZARc) 195.11 210.42 173.27 150.43 90.69
D:E 0.43 0.43 0.32 0.49 0.32 3 Yr Beta 0.56 1.13 1.45 1.66 1.11
Current Ratio 0.24 0.08 0.63 0.25 0.21 Price High 161 146 196 124 89
Price Low 120 104 103 41 24
Price Prd End 140 130 132 120 42
RATIOS
Ret on SH Fnd 13.68 33.34 32.56 44.39 - 44.05
Oper Pft Mgn 9.73 25.04 24.25 28.71 - 28.27
D:E 0.07 0.08 0.10 0.08 0.08
Current Ratio 5.27 5.33 4.97 4.68 4.05
Div Cover 0.95 1.67 2.26 2.30 -
www.fundsdata.co.za www.fundsdata.co.za
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