MC MINING LIMITED - Integrated Water Use Licence Granted For Vele Colliery

Integrated Water Use Licence Granted For Vele Colliery

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                                            13 February 2018

             INTEGRATED WATER USE LICENCE GRANTED FOR VELE COLLIERY


MC Mining Limited (“MCM” or the “Company”) is pleased to announce that
the South African Department of Water and Sanitation has granted an
Integrated Water Use Licence in terms of the National Water Act (Act
36 of 1998) for the Vele Colliery’s stream diversion and associated
infrastructural activities.

This   approval  completes   the   full   regulatory  suite  of   all
authorisations required for the Vele Colliery. As previously advised,
the final decision on whether to proceed with the Plant Modification
Project will be placed before the Company’s Board, which will include
an assessment of long term pricing as well as logistics
considerations. The Board will evaluate all options available, which
will be communicated at the appropriate time.

Mr David Brown, Chief Executive Officer, commented:

“We welcome this decision and the securing of all the regulatory
authorisations for the Colliery. Furthermore, this decision is a
confirmation of government’s support of the Company’s co-existence
model which facilitates the co-existence of mining, agriculture and
heritage land uses in line with the historic biodiversity offset
agreement between the Department of Environmental Affairs, the South
African National Parks and MCM.”

Authorised by
David Brown
Chief Executive Officer


For more information contact:
 David Brown               Chief Executive      MC Mining Limited     +27 10 003 8000
                           Officer
 Tony Bevan                Company Secretary    Endeavour Corporate   +61 08 9316
                                                Services              9100
 Company advisors:
 Jos Simson/Barney         Financial PR        Tavistock              +44 20 7920
 Hayward/ Annabel de       (United Kingdom)                           3150
 Morgan
 Ross Allister/Richard     Nominated Adviser   Peel Hunt LLP          +44 20 7418
 Crichton/James            and Broker                                 8900
 Bavister
 Charmane Russell/Olwen    Financial PR        Russell & Associates   +27 11 880 3924
 Auret                     (South Africa)                             or
                                                                      +27 82 372 5816

 Investec Bank Limited is the nominated JSE Sponsor

About MC Mining Limited:
MC Mining Limited (MCM) 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).


Forward-Looking Statements

This Announcement, including information included or incorporated by reference in
this Announcement, may contain "forward-looking statements" concerning MC Mining
Limited (MCM) 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 MCM’s ability to control
or estimate precisely, such as future market conditions, changes in regulatory
environment and the behaviour of other market participants. MCM 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.
MCM 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: 13/02/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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