REG - MC Mining Limited - Lifting of ASX Trading Halt

MC MiningAnnouncement

09/09/2022 11:30

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RNS Number : 9582Y  MC Mining Limited  09 September 2022

ANNOUNCEMENT
9 September 2022

 

LIFTING OF ASX TRADING HALT

 

MC Mining Limited (MC Mining or the Company) announced on 8 September 2022
that, following movements in its share price, the Company's ordinary shares
were placed in a trading halt on the Australian Stock Exchange (ASX) (ticker:
MCM). The ASX has informed MC Mining that the trading halt has been lifted and
trading of the Company's ordinary shares has resumed on the ASX.

 

The trading halt did not affect trading in the Company's shares on the
Johannesburg Stock Exchange (ticker: MCZ) and AIM market of the London Stock
Exchange plc (ticker: MCM), where normal trade continued.

 

Further announcements will be made in due course, as appropriate, in relation
to the funding processes for the Makhado hard coking coal project.

 

Godfrey Gomwe

Managing Director and Chief Executive Officer

This announcement has been approved by the Company's Disclosure Committee.

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014, as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

 

 For more information contact:
             Tony Bevan                  Company Secretary                       Endeavour Corporate Services          +61 08 9316 9100
             Company advisors:
             James Harris / James Dance  Nominated Adviser                       Strand Hanson Limited                 +44 20 7409 3494

             Rory Scott                  Broker (AIM)                            Tennyson Securities                   +44 20 7186 9031
             James Duncan                Financial PR (South Africa)             R&A Strategic Communications          +27 11 880 3924
             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 and thermal coal), Makhado Project (hard
coking coal), Vele Colliery (semi-soft coking and thermal coal), and the
Greater Soutpansberg Projects (coking and thermal coal).

 

All figures are denominated in United States dollars unless otherwise stated.
Safety metrics are compared to the preceding quarter while financial and
operational metrics are measured against the comparable period in the previous
financial year. A copy of this report is available on the Company's website,
www.mcmining.co.za (http://www.mcmining.co.za) .

 

 

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 does 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.

 

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