MC MINING LIMITED - Interim Interdict Lifted

Interim Interdict Lifted

MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM


ANNOUNCEMENT                                              18 JUNE 2018

                               INTERIM INTERDICT LIFTED

MC Mining Limited (“MC Mining” or the “Company") is pleased to announce
a successful High Court of South Africa judgement, discharging an
interim interdict originally granted in December 2014 (the “Interim
Interdict”). The favourable June 2018 judgement (the “Judgement”)
pertains to a matter between the Vhembe Mineral Stakeholders Forum
(and others) (together the “Applicants”) and the Limpopo Department
of Economic Development, Environment and Tourism together with the
Company. The Judgement rescinds the Interim Interdict against the
Company’s Environmental Authorisation (“EA”) for the Makhado hard
coking and thermal coal project (“Makhado Project” or “Makhado”).

The Interim Interdict was originally issued against the Company in an
attempt to prevent MC Mining from undertaking activities pertaining
to the Makhado Project’s construction and mining. During July 2016,
the EA was transferred to MC Mining’s subsidiary, Baobab Mining &
Exploration (Pty) Ltd (“Baobab”), the owner and developer of the
Makhado Project. This transfer was completed in compliance with the
National Environmental Management Act (107 of 1998) and, as previously
announced, the Company did not anticipate the Interim Interdict
delaying the development of the project.

The Company has undertaken various initiatives to address the Interim
Interdict and the Judgement granted two orders, namely:

1. discharging the Interim Interdict against the Company, including
   an award against the Applicants for appropriate costs, including
   those of two legal counsel; and
2. dismissal of a further application by the Applicant to extend the
   Interim Interdict to Baobab. Again, this dismissal included a costs
   award against the Applicants.

David Brown, MC Mining’s Chief Executive Officer commented:
“The favourable High Court Judgement reaffirms the Company’s approach
in the development of Makhado, endorses government’s support for the
project and is a significant victory for the mining industry. The
Applicants are a narrow interest group and despite numerous
interactions to address concerns, they have utilised unreasonable
litigation approaches in an attempt to halt Makhado, together with
the associated socio-economic transformation of local communities.
The High Court echoed this sentiment in the Judgement.”

“The Makhado Project has all the legal approvals required to commence
construction and the Judgement vindicates MC Mining’s strategy,
confirming compliance with the required regulatory requirements. Prior
to the commencement of construction, the Company requires access to
two properties that form part of the Makhado Project. These properties
are subject to a legislated land claims process by Makhado’s host
communities, who are also shareholders in the Makhado Project. In
parallel, however, the Company will embark on a process of enforcing
its access rights under our mining right. Furthermore, good progress
has been made on the Makhado Project marketing and financing
arrangements.”

AUTHORISED BY:
David Brown
Chief Executive Officer


For more information contact:
David Brown             Chief Executive       MC Mining Limited     +27 10 003 8000
                        Officer
Brenda Berlin           Chief Financial       MC Mining Limited     +27 10 003 8000
                        Officer
Tony Bevan              Company Secretary     Endeavour Corporate   +61 08 9316
                                              Services              9100
Company advisors:
Jos Simson/ Gareth      Financial PR         Tavistock              +44 20 7920
Tredway                 (United Kingdom)                            3150
Ross Allister/Richard   Nominated Adviser    Peel Hunt LLP          +44 20 7418
Crichton/James          and Broker                                  8900
Bavister
Charmane Russell/Olwen Financial PR          R&A Strategic          +27 11 880 3924
Auret                   (South Africa)       Communications
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. MCM’s key projects include the Uitkomst Colliery
(metallurgical coal), Makhado Project (coking and thermal coal). Vele Colliery (coking
and thermal coal), and the Greater Soutpansberg Projects (MbeuYashu).

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