I'm not sure about the entanglements of debt CZA MCM have sought to get them through time up until now and the reasons for the change in management. So haven't been keen to look further.
Makhado had hard coking and thermal, while Berenice and Cygnus had soft and thermal coal.
Last I recall a railway line to Makhado would be needed after Makhado had its own rail set up and some sort of agreement.
Somehow they own 95% of it buy need to drop that to 69% upon production starting.
Not sure extra the capital required.
why is there no hard coke anywhere else in that area?
40 year life, $50-60 usd opex,
Celeste would know she jumped from CZA to UNV to TER, didn't she?
Ann: MOU Signed for Guinea Iron Ore Project, page-56
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