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MC MINING LIMITED - Appointment of Independent Non-Executive Director

Release Date: 29/03/2019 09:00
Code(s): MCZ     PDF:  
Wrap Text
Appointment of Independent Non-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                                                                29 March 2019

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

MC Mining Limited ("MC Mining" or the “Company") is pleased to confirm the appointment of
Sebastiano (Sam) Randazzo as a non-executive director of the Company’s board, effective
29 March 2019.


Sam Randazzo began his career with Arthur Young (predecessor firm to Ernst & Young)
before working as a consultant across a variety of projects in the USA, Australia, Canada,
Africa and South America and is a member of Chartered Accountants Australia and New
Zealand. He has over 25 years' experience in the international mining industry with extensive
public company management expertise from roles as chairman, director, chief executive
officer, chief financial officer, company secretary and executive director positions of ASX, TSX
and AIM listed mineral resource companies. Mr Randazzo has completed numerous feasibility
studies, mergers and acquisitions and capital-raisings and has operational management
experience in Australia, South America, USA, Canada and the UK.

Mr. Randazzo served in the positions of Executive Chairman and Chief Executive Officer of
Intercept Minerals Limited, Executive Director of Vaaldiam Resources Limited and as
Executive Director of Elkedra Diamonds NL.

Bernie Pryor, Chairman of MC Mining commented:
“I am delighted to welcome Sam Randazzo to the board of MC Mining. We conduct regular
reviews of the board’s performance that incorporates analysis of the skill sets needed as the
Company progresses and evolves. Sam brings a wealth of mining, commercial and financing
expertise that will be beneficial to the Company and complements the other directors’ diverse
talents.

Sam’s appointment also ensures compliance with respect to good corporate governance with
the board comprising a majority of independent directors.”


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 McKeown Nominated Adviser and           Peel Hunt LLP                   +44 20 7418 8900
                                Broker
Charmane Russell/Olwen          Financial PR (South         R&A Strategic                   +27 11 880 3924
Auret                           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 (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 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.

AIM Rules Compliance

                                                                                                                   
The following information is provided pursuant to Rule 17 and Schedule 2 Paragraph (G) of the Aim
Rules for Companies:

Mr Sebastiano Randazzo, aged 61, has been a director or partner of the following companies during
the five years preceding the date of this announcement:

Current                                           Within the past 5 years

Samcor Investments Pty Ltd                        Bardoc Gold Limited
Lexhold Investments Pty Ltd                       Excelsior Gold Ltd
                                                  GPM Resources Pty Ltd
                                                  XTV    Networks      Limited   (formerly   Intercept
                                                  Minerals Limited)




                                                                                                          

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