Page 147 - Profile's Stock Exchange Handbook - 2025 Issue 4

Profile’s Stock Exchange Handbook: 2025 - Issue 4 JSE - MC
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: Deng J (ne), 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), He Y ( (CEO & MD, ne) Merafe and Glencore formed the Venture in July 2004 when they
MAJOR ORDINARY SHAREHOLDERS as at 1 Sep 2025 pooled their chrome operations to create the largest ferrochrome
Kinetic Crest Ltd. 35.70% producer in the world.
Goldway Capital Investment Ltd. 19.50% SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining
Senosi Group Investment Holdings (Pty) Ltd. 14.80% NUMBER OF EMPLOYEES: 6 591
POSTAL ADDRESS: Ground Floor, Greystone Building, DIRECTORS: Green D (ne), Mabusela-Aikhuere N (ind ne), McGluwa D (ne),
Fourways Golf Park, Roos Street, Fourways, 2191 Mclaughlan J (ind ne), Tlale K (ind ne), Vuso M J (ind ne),
MORE INFO: www.sharedata.co.za/sdo/jse/MCZ Phiri S D (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
COMPANY SECRETARY: Blagojce (Bill) Pavlovski MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Glencore BV 28.82%
SPONSOR: Investec Bank Ltd. Industrial Development Corporation of SA Ltd. 21.88%
AUDITORS: Mazars Inc. POSTAL ADDRESS: PO Box 652157, Benmore, 2010
CAPITAL STRUCTURE Authorised Issued MORE INFO: www.sharedata.co.za/sdo/jse/MRF
MCZ Ords no par val - 414 013 349 COMPANY SECRETARY: CorpStat Governance Services
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
LIQUIDITY: Oct25 Avg 52 764 shares p.w., R76 921.6(0.7% p.a.) SPONSOR: One Capital Sponsor Services (Pty) Ltd.
AUDITORS: Deloitte & Touche Inc.
MC MINING 40 Week MA OILP
800
CAPITAL STRUCTURE Authorised Issued
700
MRF Ords 1c ea 3 500 000 000 2 499 126 870
600
DISTRIBUTIONS [ZARc]
500
Ords 1c ea Ldt Pay Amt
400
Interim No 22 2 Sep 25 8 Sep 25 4.00
300
Final No 21 1 Apr 25 7 Apr 25 8.00
200
LIQUIDITY: Oct25 Avg 10m shares p.w., R12.6m(21.5% p.a.)
100
0 MERAFE 40 Week MA INDM
2021 2022 2023 2024 2025 200
180
FINANCIAL STATISTICS 160
(USD ’000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 140
Final Final Final Final Final 120
Turnover 17 452 36 665 44 799 23 511 20 702 100
Op Inc - 37 386 - 13 849 - 2 724 - 19 154 - 10 676 80
NetIntPd(Rcvd) 867 1 217 1 284 1 565 1 431 60
Minority Int - 303 - 329 - 83 - 103 - 93 40
Att Inc - 35 681 - 14 319 - 4 315 - 20 732 - 11 744 2021 2022 2023 2024 2025 20
TotCompIncLoss - 33 770 - 12 923 - 14 874 - 33 181 6 567
Fixed Ass 47 464 33 745 34 621 23 475 27 370 FINANCIAL STATISTICS
Tot Curr Ass 11 147 2 206 16 045 8 531 7 494 (R million) Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
Ord SH Int 84 747 76 643 88 258 77 960 107 245 Interim Final Final Final Final
Minority Int - 1 539 - 1 236 - 907 - 824 - 721 Revenue 2 519 8 443 9 244 7 939 8 063
LT Liab 8 863 13 624 11 663 14 337 13 166 Op Inc 286 822 2 315 1 925 2 315
Tot Curr Liab 22 876 26 608 25 421 33 942 35 087 NetIntPd(Rcvd) - 20 - 65 - 38 - 25 - 11
PER SHARE STATISTICS (cents per share) Att Inc 233 667 1 753 1 410 1 674
HEPS-C (ZARc) - 40.88 - 64.52 - 25.94 - 54.64 - 51.32 TotCompIncLoss 233 667 1 753 1 410 1 674
NAV PS (ZARc) 252.08 336.88 415.77 641.29 995.22 Fixed Ass 1 112 1 125 1 388 1 075 713
3 Yr Beta 1.15 0.42 - 0.41 1.28 1.73 Tot Curr Ass 4 762 4 882 5 182 4 509 4 179
Price High 246 262 797 206 400 Ord SH Int 4 909 4 876 5 259 4 330 3 770
Price Low 100 145 118 90 85 LT Liab 352 340 419 418 283
Price Prd End 142 192 235 145 103 Tot Curr Liab 745 926 971 908 892
RATIOS PER SHARE STATISTICS (cents per share)
Ret on SH Fnd - 43.25 - 19.43 - 5.03 - 27.01 - 11.11 HEPS-C (ZARc) 12.60 42.90 60.10 56.40 66.95
Oper Pft Mgn - 214.22 - 37.77 - 6.08 - 81.47 - 51.57 DPS (ZARc) 4.00 28.00 42.00 25.00 29.00
D:E 0.26 0.43 0.32 0.49 0.32 NAV PS (ZARc) 196.44 195.11 210.42 173.27 150.43
Current Ratio 0.49 0.08 0.63 0.25 0.21 3 Yr Beta 0.59 0.56 1.13 1.45 1.66
Price High 160 161 146 196 124
Price Low 100 120 104 103 41
Price Prd End 131 140 130 132 120
RATIOS
Ret on SH Fnd 9.49 13.68 33.34 32.56 44.39
Oper Pft Mgn 11.35 9.73 25.04 24.25 28.71
D:E 0.07 0.07 0.08 0.10 0.08
Current Ratio 6.39 5.27 5.33 4.97 4.68
Div Cover 2.33 0.95 1.67 2.26 2.30
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