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MCC was heavily exposed to platinum and since 2008 diversification has been undertaken by geographical region, both to mitigate the impact of excessive rainfall as well as to diversify the potential concentration of political and commodity risk.
Diversification opportunities in the coal sector have been pursued and the breakdown of commodities represented is now more evenly balanced with platinum contracts accounting for approximately 35% of revenue, coal 45% and other commodities (currently nickel, chrome and uranium) approximately 20%. Furthermore the additional benefit of diversifying from platinum (hard rock) to coal and other minerals (soft rock) plays an essential role in extending the life of equipment.
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