MC MINING LIMITED - Resignation of Acting Chief Executive Officer and Executive Director

Resignation of Acting Chief Executive Officer and Executive Director

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                                                                     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            +61 08 9316 9100
                                                           Services

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       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. 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.

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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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Date: 07-12-2020 05:50:00
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