REG - MC Mining Limited - Director Appointments & Resignation

MC MiningAnnouncement

10/03/2023 13:00

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RNS Number : 6184S  MC Mining Limited  10 March 2023

 

ANNOUNCEMENT
10 March 2023

DIRECTOR APPOINTMENTS & RESIGNATION

 

MC Mining Limited (MC Mining or the Company) hereby announces the following
changes to its Board of Directors.

 

Appointment of Non-Executive Director

MC Mining is pleased to announce the appointment of Yi (Christine) He as a
Non-Executive Director with immediate effect.

Ms He has a bachelor's degree in English Literature from Sichuan University
and over 20 years' experience at senior management level. Her broad commercial
experience includes, amongst others, the financing, development and execution
of large construction and mining projects.

Ms He is the Managing Director (and ultimate beneficial owner, along with her
spouse) of Dendocept (Pty) Ltd, a 7.1% shareholder (28,265,593 shares) in the
Company and holds a further 2.2% (8,664,674 shares) in her personal capacity.
Ms He joins the Board as a shareholder nominee of the Dendocept Consortium,
which collectively holds 95,357,454 shares (23.9% of MC Mining's issued share
capital).

 

Appointment of Independent Non-Executive Director

The Company is also pleased to announce the appointment of Julian Hoskin as an
Independent Non-Executive Director with immediate effect.

Mr Hoskin is a qualified Mining Engineer and holds a Master of Applied Science
(Mining Geomechanics) as well as a master's degree in Business Administration.
During his 38 years working as a professional engineer, Mr Hoskin has been
exposed to resource evaluation and project delivery and has managed mining
operations as well as the construction of metallurgical and thermal coal mines
and ports.

Mr Hoskin has developed numerous mining projects in Australia, driving them up
the value-curve from exploration to feasibility stage and ultimately,
construction of the coal mine. He has extensive mine management experience and
has also optimised established mines, ensuring improved returns for
stakeholders.

 

Resignation of Non-Executive Director

MC Mining announces the resignation of Haohua Energy International (Hong Kong)
Co. Ltd's shareholder representative director, Mr Junchao Liu, with immediate
effect. Mr Liu has served on the board since December 2021.

 

Nhlanhla Nene, Chairman of MC Mining, commented:

"On behalf of the Board and shareholders, I would like to thank Mr Liu for his
contribution to MC Mining. Mr Liu worked with MC Mining for many years on
behalf of HEI prior to his appointment as a director and has been involved in
transforming the Company to a position where the execution planning for the
construction of our flagship Makhado hard coking coal project is at an
advanced stage.

"I am delighted to welcome the new directors and look forward to their
contributions toward MC Mining achieving its objectives and vision. Their
combined expertise will assist in the development of the Makhado project, the
three Greater Soutpansberg Projects, and delivering further shareholder value
from the Company's operating Uitkomst Colliery and Vele Aluwani Colliery."

 

Additional Information

The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies.

 

Yi He (aged 50)

 Current Directorships/Partnerships       Past Directorships/Partnerships (last five years)
 Dendocept (Pty) Ltd                      Poplock (Pty) Ltd
 CRI-Eagle Investments (Pty) Limited      Mezzotin Minerals Inc.
 Ever Rising Investments (Pty) Ltd        ( )
 Galencia Brick and Hardware (Pty) Ltd    ( )
 Adsani Exploration (Pty) Ltd             ( )
 Maasai Mara Home Owners Association NPC  ( )
 Mutsho Power (Pty) Ltd                   ( )

 

Julian Mark Hoskin (aged 63)

 Current Directorships/Partnerships  Past Directorships/Partnerships (last five years)
 Pedacoal Pty Ltd                    Astute Resources Pty Ltd

 

Other than the information contained within this announcement, there is no
further information required to be disclosed pursuant to paragraph (g) of
Schedule Two of the AIM Rules.

 

Authorised by

Nhlanhla Nene

Chairman

 

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

 

For more information contact:

 Tony Bevan                 Company Secretary  Endeavour Corporate Services      +61 08 9316 9100
 James Harris/ James Dance  Nominated Adviser  Strand Hanson Limited             +44 20 7409 3494
 Rory Scott                 Broker (AIM)       Tennyson Securities               +44 20 7186 9031
 Marion Brower              Financial PR (SA)  R&A Strategic Communications      +27 11 880 3924
 Investec Bank Limited is the nominated JSE Sponsor

About MC Mining

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).

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.

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