According to the news, Power Development announced that its Makhado flagship coking coal project in Limpopo Province in South Africa was officially put into production on August 1. This marks the Group's overseas high-quality production capacity entering a new cycle of accelerated value release. According to reports, the project is MC Mining's core asset. Power Development previously completed the acquisition of 51% of MC Mining's new common stock and the acquisition of convertible shares with a total principal amount of 6.136,000 US dollars.

According to the design capacity of existing coal preparation plants, it is expected to produce 280,000 tons of coking coal and 230,000 tons of thermal coal in 2026; the annual production capacity is expected to reach 880,000 tons of coking coal and 720,000 tons of thermal coal in 2027. At the same time, the Group plans to further increase its annual production capacity to 2.2 million tons of coking coal and 1.8 million tons of thermal coal within the next two years.

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