COAL
South Africa-focused coal miner MC Mining has widened its after-tax loss from $12.9-million in the six months ended December 2016, to $97.3-million in the same period of 2017.
The loss includes a cost of sales of $14.36-million, and an impairment of $87.5-million on the Vele coking and thermal colliery, as expected production from the Limpopo-based project is delayed by two years.
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