16
Mar
11:47
MC Mining increases revenue, commences Makhado early works
Australia and South Africa-listed mining firm MC Mining reported in the second half of 2022 a net loss of $1.3 million versus a $0.8m loss in H1 2022. The latest loss was primarily due to an income tax expense of $1m, Kallanish notes.
The company increased revenue in H2 by 7.7% on H1 to $14m and managed to reduce the cost of sales by 7.4% to $10.1m. However, administrative expenses surged 41.4% to $4.1m, including non-cash employee expenses of …
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Very good overview of the weekly steel market.
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