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MC MINING LIMITED - Makhado Project Environmental authorisation appealed

Release Date: 28/09/2018 12:00
Code(s): MCZ     PDF:  
Wrap Text
Makhado Project Environmental authorisation appealed

 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                                                      28 September 2018

MAKHADO PROJECT ENVIRONMENTAL AUTHORISATION APPEALED

MC Mining Limited (the “Company”) announced on 3 September 2018 (the
“Announcement”) that the Limpopo Department of Economic Development,
Environment and Tourism (“LEDET”) had approved an amendment to the
Makhado hard coking and thermal coal project’s (“Makhado”)
Environmental Authorisation (“EA”) for the transport of coal to the
Musina rail siding by road rather than rail. As anticipated in the
Announcement, the same narrow interest group that unsuccessfully
appealed against the original Makhado EA, has appealed LEDET’s
decision. The appeal results in the suspension of the amendment
authorisation and the Company will follow due process to have the
appeal dismissed.

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/David          Nominated Adviser   Peel Hunt LLP          +44 20 7418
McKeown/James Bavister       and Broker                                 8900
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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