MC Mining Limited Director Resignation (7996H)
December 07 2020 - 9:50AM
UK Regulatory
TIDMMCM
RNS Number : 7996H
MC Mining Limited
07 December 2020
ANNOUNCEMENT
7 December 2020
RESIGNATION OF ACTING CHIEF EXECUTIVE OFFICER AND EXECUTIVE
DIRECTOR
MC Mining Limited ("MC Mining" or the "Company") announces that
Brenda Berlin will step down as acting Chief Executive Officer
("CEO") and Executive Director effective 15 February 2021. An
executive search is in progress and the Company expects to appoint
a permanent CEO within sufficient time to allow for an orderly
handover.
Ms Berlin joined MC Mining in April 2018 serving as Executive
Director and Chief Financial Officer and was subsequently appointed
acting CEO in February 2020. She has played a leading role in
securing the majority of the funds required to develop the
Company's flagship, fully permitted Makhado hard coking coal
project ("Makhado Project"). She has also successfully steered the
Company through the turbulent period following the spread of the
COVID-19 virus and subsequent lockdown. Brenda worked closely with
both MC Mining's chairman of the board and chairman of its audit
committee on the Makhado Project development financing and her
departure in February is not expected to impact on finalising the
Phase 1 funding package.
Commenting today Bernard Pryor, MC Mining's Chairman said: " On
behalf of the Board I would like to thank Ms Berlin for her
commitment and extensive contribution to the Company, particularly
during her tenure as acting CEO. The COVID-19 pandemic has made the
past year incredibly challenging and Ms Berlin has been
instrumental in navigating the Company through these turbulent
times and in securing the majority of the funds required for Phase
1 of the Makhado Project. I wish her well in her future endeavours
."
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.
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) Mirabaud Securities Limited +44 20 3167 7220
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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