MC Mining Limited Temporary Suspension of Colliery Operations (1008F)
July 13 2021 - 8:04AM
UK Regulatory
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RNS Number : 1008F
MC Mining Limited
13 July 2021
ANNOUNCEMENT
13 July 2021
TEMPORARY SUSPENSION OF COLLIERY OPERATIONS
MC Mining Limited ("MC Mining" or the "Company") advises
operations at its 70% owned Uitkomst colliery have been temporary
suspended pending resolution of the civil unrest which has spread
throughout the KwaZulu-Natal province in South Africa. The violence
has been reportedly linked to the recent imprisonment of former
President Jacob Zuma.
Unfortunately, protests, road blockages, and attacks targeting
transport vehicles have been reported across KwaZulu-Natal,
including the towns and communities where the majority of the
Uitkomst mine employees and contractors reside.
MC Mining's interim CEO, Sam Randazzo, commented:
"Our first priority is the safety of our employees and
contractors and we have taken this immediate action to protect
their well being. Temporarily halting the colliery operations
should also discourage activists from entering the Uitkomst
site."
"Authorities have deployed security forces to areas where
protests are occurring, and we remain hopeful of a speedy
resolution so that our employees and contractors can return to work
and for recommencement of operations at the Uitkomst colliery."
The current situation remains fluid and Company management
continue to carefully monitor developments. Market updates will be
provided as and when the situation changes.
Authorised by
Bernard Pryor
Chairman
This announcement has been approved by the Company's Disclosure
Committee.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
Sam Randazzo Interim Chief Executive Officer MC Mining Limited +61 408 945010
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).
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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