| Thu 2 Jan 2020, 9:00 | | MC MINING LIMITED - MCZ : Director resignation |
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Director resignation
MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM
ANNOUNCEMENT 2 January 2020
DIRECTOR RESIGNATION
Thabo Mosololi, a non-executive director of MC Mining Limited (“MC Mining” or "the Company"), has
resigned as a director of the Company to focus on his executive role in the broader hospitality sector.
His resignation was effective from 31 December 2019. Mr Mosololi has been a member of MC Mining’s
board of directors since 2014 and provided valuable input as Chairman of the Company’s Audit & Risk
Committee.
Commenting today David Brown, CEO, said: "On behalf of the Board and shareholders, I would like to
thank Thabo for his contribution to MC Mining as we transformed to a mining company while also
developing our flagship Makhado hard coking coal project. Consistent with our November and
December 2019 announcements, we continue to progress the composite debt/equity funding
initiatives for Phase 1 of Makhado. This includes due diligence investigations by potential debt
providers and investors at both group and project level and we anticipate completion of the funding
processes during H1 CY2020, with construction commencing soon thereafter."
Authorised by
David Brown
Chief Executive Officer
For more information contact:
David Brown Chief Executive Officer MC Mining Limited +27 10 003 8000
Brenda Berlin Chief Financial Officer MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate +61 08 9316 9100
Services
Company advisors:
Jos Simson/ Gareth Tredway Financial PR Tavistock +44 20 7920 3150
(United Kingdom)
Ross Allister/David McKeown Nominated Adviser and Peel Hunt LLP +44 20 7418 8900
Broker
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic +27 11 880 3924
Communications
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MC
Mining’s key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (coking and thermal coal). Vele
Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal).
Forward-Looking Statements
This Announcement, including information included or incorporated by reference in this Announcement, may contain
"forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally, the words "will",
"may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking
statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors
that are beyond MC Mining’s ability to control or estimate precisely, such as future market conditions, changes in regulatory
environment and the behaviour of other market participants. MC Mining cannot give any assurance that such forward-
looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward
looking statements. MC Mining assumes no obligation and do not undertake any obligation to update or revise publicly any
of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except
to the extent legally required.
Statements of intention
Statements of intention are statements of current intentions only, which may change as new information becomes available
or circumstances change.
2
Date: 02-01-2020 09:00:00
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