MCM eyes rebound after tough 2025

The company’s Annual Report released recently, indicates that MCM recorded pretax losses of P216 million in the financial year ended December 31, compared to pretax losses of P26 million in 2024.

Much of the decline was due to reduced offtake by the Botswana Power Corporation (BPC) which accounts for more than 50% of revenue, as well as higher expenses associated with the termination costs of an agreement with the opencast mining contractor. General and administrative expenses increased to P368.6million from P182.4 million, due mainly to the termination costs.