MC MINING LIMITED - Update on Makhado Project Regulatory Progress

Release Date: 11/09/2018 08:00
Code(s): MCZ
 
Wrap Text
Update on Makhado Project Regulatory Progress

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                                                                      11 September 2018

                   UPDATE ON MAKHADO PROJECT REGULATORY PROGRESS

MC Mining Limited (the “Company”) is pleased to announce that South
Africa’s Department of Mineral Resources (“DMR”) has approved the
Environmental Authorisation (“EA”) for the Makhado hard coking and
thermal coal project (“Makhado”).

In January 2018, the Company applied to both the DMR and the Limpopo
Department of Economic Development, Environment and Tourism (“LEDET”)
for an amendment to Makhado’s 2016 EA, allowing for the transport of
coal to the Musina rail siding by road.

The approval by the DMR follows confirmation, on 3 September 2018,
that LEDET has approved the EA amendment.

Authorised by
David Brown
Chief Executive Officer


For more information contact:
David Brown                      Chief Executive Officer    MC Mining Limited           +27 10 003 8000
Brenda Berlin                    Chief Financial Officer    MC Mining Limited           +27 10 003 8000
Tony Bevan                       Company Secretary          Endeavour Corporate         +61 08 9316 9100
                                                            Services

Company advisors:
Jos Simson/ Gareth Tredway         Financial PR            Tavistock                    +44 20 7920 3150
                                   (United Kingdom)
Ross Allister/David                Nominated Adviser and   Peel Hunt LLP                +44 20 7418 8900
McKeown/James Bavister             Broker
Charmane Russell/Olwen Auret       Financial PR (South     R&A Strategic                +27 11 880 3924
                                   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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