MC MINING LIMITED - Coopertaion agreement signed with Haohua Energy International (Hong Kong)

Coopertaion agreement signed with Haohua Energy International (Hong Kong)

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                                                                      21 June 2019

COOPERATION AGREEMENT SIGNED WITH HAOHUA ENERGY INTERNATIONAL (HONG KONG)


MC Mining Limited (“MC Mining”) is pleased to announce the signing of a co-operation agreement
with Haohua Energy International (Hong Kong) (“HEI”), a wholly owned subsidiary of Shanghai-listed
Beijing Haohua Energy Resource Co. Limited, the largest exporter of anthracite coal from China.


The original cooperation agreement between the parties was signed in 2013. However, the
introduction of new shareholders during the last six years resulted in HEI not maintaining the required
19.9% shareholding in MC Mining and the agreement subsequently lapsed. The revised 2019
cooperation agreement aligns HEI’s threshold with other substantial shareholders eligible to have a
board seat and the company will need to maintain an interest of at least 5.4% to have the right to
nominate a potential director to the MC Mining board.           Mr Shangren Ding is HEI’s current
representative and will remain on the board as their nominee.


MC Mining believes it is important to maintain the relationship with HEI in order to benefit from their
substantial knowledge, and the cooperation agreement facilitates a long-term mutually beneficial
strategic partnership. The agreement includes details on the commercial, technical, financial and
operational issues pursuant to which MC Mining will be able to draw on HEI's technical expertise.
Furthermore, HEI will assist and use its best endeavours to arrange further funding in the development
of the MC Mining's substantial coking coal assets.

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 9100
                                                           Services

Company advisors:
 Jos Simson/Emily Fenton          Financial PR (United  Tavistock                         +44 20 7920
                                  Kingdom)                                                3150
 Ross Allister                    Nominated Adviser and Peel Hunt LLP                     +44 20 7418
                                  Broker                                                  8900
 Charmane Russell/Olwen           Financial PR (South   Russell & Associates              +27 11 880
 Auret                            Africa)                                                 3924 or
                                                                                          +27 82 372
                                                                                          5816
Investec Bank Limited is the nominated JSE Sponsor

About MC Mining Limited:
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 coal), Makhado Project (coking and thermal coal).
Vele Colliery (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 do 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.




                                                                                  

Date: 21/06/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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