MC Mining Limited Board Changes (6339V)
December 14 2021 - 9:38AM
UK Regulatory
TIDMMCM
RNS Number : 6339V
MC Mining Limited
14 December 2021
ANNOUNCEMENT 14 December 2021
BOARD CHANGES
MC Mining Limited ("MC Mining" or the "Company") is pleased to
announce changes to its Board of Directors with immediate
effect.
Retirement of Non-Executive Director
Mr Shangren Ding, a long-standing non-executive director of MC
Mining, decided not to avail himself for re-election at the
Company's Annual General Meeting ("AGM") held earlier today. As a
result, Mr Ding retired as a director of the Company effective at
the conclusion of today's AGM. Mr Ding has been a director of the
Company since October 2016 and contributed to the Company being
positioned to become South Africa's pre-eminent hard coking coal
producer once the necessary Makhado hard coking coal project
funding is secured, anticipated in H1 CY2022. Mr Ding was the
representative of Haohua Energy International (Hong Kong) Co. Ltd
("HEI"), MC Mining's largest shareholder.
Appointment of Non-Executive Director
Mr Junchao Liu was appointed as a non-executive director of the
Company at today's AGM. Mr Liu has a Bachelor of Arts and
postgraduate training in international finance and trade from
Beijing Foreign Studies University. He is the Deputy Director of
Business Development of Beijing Haohua Energy Resource Company and
Deputy General Manager of HEI. Mr Liu, by invitation, has regularly
attended past board meetings of the Company and is very familiar
with the Company's activities. He replaces Mr Ding as HEI's
representative on the MC Mining board of directors.
Bernie Pryor , MC Mining's Chairman, commented :
" The Board welcomes Mr Liu and looks forward to his continued
contribution toward MC Mining achieving its objectives and vision.
On behalf of the Board and shareholders, I would like to thank Mr
Ding for his contribution to MC Mining as we transformed to a
mining company while also progressing to the development of our
flagship Makhado hard coking coal project. "
Additional Information
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Mr Liu ("Floyd") Junchao (aged 49)
Current Directorships/Partnerships Past Directorships/Partnerships
(last five years)
None None
--------------------------------
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.
Tony Bevan
Company Secretary
This announcement has been approved by the Company's Disclosure
Committee.
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
Sam Randazzo Chief Executive Officer MC Mining Limited +61 408 945010
Tony Bevan Company Secretary Endeavour Corporate Services +618 9316 9100
Company advisers:
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).
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END
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