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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:
Endeavour Corporate
Tony Bevan Company Secretary 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
---------------- ------------------- ------------------------------- ------------------
Financial PR
Marion Brower (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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END
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