Vele impairment sees MC Mining widen H1 loss

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.