Kinetic Development (01277.HK): South Africa Makhado Project Commences Production on 1 August; 280kt Coking Coal Expected in 2026

NewTimeSpace News: Kinetic Development Group Limited (stock code: 1277) announced that its flagship Makhado coking coal project in South Africa's Limpopo province officially commenced production on 1 August 2026. The open-cast mine covers 7,651.28 hectares with resources of 706 million tonnes, producing premium low-sulphur high-CSR coking coal as its main product and 5,500 kcal low-sulphur thermal coal as secondary product. The coal washing plant has passed commissioning and met quality specifications.

The group expects to produce 280,000 tonnes of coking coal and 230,000 tonnes of thermal coal in 2026, rising to 880,000 and 720,000 tonnes respectively in 2027, with further expansion to 2.2 million and 1.8 million tonnes within two years. Over 40 overseas potential customers have been developed, primarily in Vietnam, Indonesia, and India.

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