Stock Market Movements | Power Construction (01277) rises nearly 4% again as South Africa's Makhado coking coal project is officially launched.

In terms of news, Power China announced that its flagship coking coal project, Makhado, located in Limpopo Province, South Africa, officially commenced production on August 1. This marks the beginning of a new cycle for the group's overseas high-quality capacity to accelerate value release. It is reported that this project is a core asset of MC Mining, and Power China previously completed the acquisition of 51% of MC Mining's new ordinary shares and a convertible note acquisition with a total principal amount of $6.136 million.