MC Mining Limited (ASX: MCM, JSE: MCZ) is an Australia-based coal exploration, development and mining company focused on high-quality coking and thermal coal assets primarily in South Africa's Limpopo province. The company operates the Uitkomst Colliery, producing metallurgical coal; develops the flagship Makhado Project for hard coking and thermal coal via phased opencast mining with Phase 1 utilizing the Vele Colliery processing plant modifications to yield approximately 0.54 million tonnes per annum of hard coking coal and 0.57 million tonnes per annum of export-quality thermal coal, alongside Phase 2 plans for a dedicated plant producing up to 1.8 million tonnes per annum of saleable product; manages the Vele Colliery for semi-soft coking and thermal coal; and advances the Greater Soutpansberg Projects including MbeuYashu for coking and thermal coal, with access to rail and port infrastructure serving domestic and export markets. Founded in 1979 and headquartered in Mount Pleasant, Australia, following its rebranding from Coal of Africa Limited in November 2017, MC Mining targets steelmakers and power utilities through its metallurgical and thermal coal segments. Recent developments include a strategic US$90 million equity investment from Kinetic Development Group in 2023 for 13.04% ownership to fund Makhado's early coal production plan; a fully underwritten A$40 million renounceable rights issue announced in September 2025 to support Makhado development, early works, and debt funding requirements from the Industrial Development Corporation of South Africa; indicative debt commitments of ZAR 305 million for Makhado; restarted operations at Vele Aluwani Colliery boosting revenue; governance restructuring with new board appointments in April 2025; and passage of all resolutions at its January 2025 general meeting amid takeover interest from parties including Goldway Capital and Vulcan Resources.