To view the PDF file, sign up for a MySharenet subscription.

MC MINING LIMITED - Board Appointments

Release Date: 24/04/2018 08:00
Code(s): MCZ     PDF:  
Wrap Text
Board Appointments

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                                                  24 April 2018

                                 BOARD APPOINTMENTS

MC Mining Limited ("MC Mining", “MCM” or "the Company") is pleased to announce
a number of additions to its Board of Directors with immediate effect.

Appointment of Executive Director
As announced on 30 November 2017, Brenda Berlin has joined the Company as
Chief Financial Officer (“CFO”). Ms Berlin joins MC Mining from Impala
Platinum Holdings Limited (“Implats”), where she held the position of Group
CFO. Ms Berlin joined Implats in 2004 and held a number of senior appointments
including head of group corporate finance activities until her appointment
as CFO in 2011. Ms Berlin is a Chartered Accountant who obtained degrees
from the University of the Witwatersrand and completed her articles at PwC
South Africa.

Prior to working at Implats, Ms Berlin worked for Johnnic Holdings Limited
in the corporate finance department and following its unbundling, remained
with JCI Limited (“JCI”) assuming responsibility for business development.
After leaving JCI she commenced working for Southern Mining Corporation
Limited.

Appointment of Non-Executive Director
An Chee Sin will be joining the Company as a Non-Executive Director. Mr Chee
Sin is an Accredited Tax Practitioner with the Singapore Institute of
Accredited Tax Professionals and is also a Chartered Accountant with the
Institute of Singapore Chartered Accountants. He has more than 17 years of
extensive experience in international and local corporate taxation.

In 2004, Mr Chee Sin co-founded Pinnacle Tax Services Pte Ltd (“Pinnacle
Tax”). Prior to joining Pinnacle Tax he held the position of Director of
Corporate Tax with KPMG and has coordinated various advisory projects,
including cross-border fund structures, corporate restructurings, treasury
and mergers and acquisitions. Mr Chee Sin joins the board as a shareholder
nominee for Summer Trees Pte LTD, which holds 9.15% of MC Mining’s issued
shares.
Appointment of Non-Executive Director
Mr “Brian” He Zhen also joins as a Non-Executive Director of MC Mining. Mr
Zhen holds a bachelor’s degree in business administration from Sichuan
University and is currently Marketing and Public Relations Executive for Pan
African Mining Pvt. Ltd. Between 2012 and 2015, he worked as Managing Director
of Real Gain Investment Pvt. Ltd and was responsible for infrastructure and
construction market development, as well as overseas market investments. Mr
Zhen has previously served as Construction Manager for CRI – Eagle
Investments (Pty) Ltd and Eagle Canyon Investments (Pty) Ltd. Mr Zhen is
joining the board as a shareholder nominee for Yishun Brightrise Investment
Pte LTD, which owns 15.20% of the Company.

Bernie Pryor, MCM’s Chairman commented:
“The Board welcomes the new directors and looks forward to their
contributions toward MC Mining achieving its objectives and vision. Their
combined expertise will assist in the development of the Makhado hard coking
and thermal coal project, the Uitkomst Colliery and the Greater Soutpansberg
Projects, delivering shareholder value from the Company’s extensive coal
resources.”

 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/Richard   Nominated Adviser    Peel Hunt LLP          +44 20 7418
 Crichton/James          and Broker                                  8900
 Bavister
 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).


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 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.




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

Ms Brenda Berlin, aged 53, has been a director or partner of the following
companies during the five years preceding the date of this announcement:
Current                                Within the past five years
None                                 Impala Platinum Holdings Limited
                                     Zimplats Holdings Limited
                                     Impala Refining Services Limited
                                     Waterberg JV Resources Limited

Mr An Chee Sin, aged 41, has been a director or partner of the following
companies during the five years preceding the date of this announcement:

Current                              Within the past five years
Pinnacle Business Solutions Pte      Global United Engineering Pte Ltd
Ltd
Pinnacle Tax Services Pte Ltd        Asia Hotel & Residence Pte Ltd
Business Resource Trading Pte Ltd    An Aspire Services Pte Ltd
Automatic Systems Pte Ltd            Ascentiatax Services Pte Ltd
Pinnacle Pte Ltd                     Celebtrip Club Singapore Pte Ltd
Innovate One F&N Pte Ltd             Friendship Investments Pte Ltd
Praxis International                 Jifpa Pte Ltd
Singapore    Precision    Medicine   Singapore Precision Medicine Centre
Centre Pte Ltd                       Pte Ltd
Commercial Land Properties Pte Ltd
Global Hospitality Corporation Pte
Ltd
Heng Shun Tian Cheng EPC Pte Ltd
H&Shun Coal Energy Pte Ltd
H&Shun Harbour Pte Ltd
H&Shun Smeltery Pte Ltd
Holywin Investment Pte Ltd
Japan Properties SG Pte Ltd
Mige Furniture Singapore Pte Ltd
Oceans Group IQ Pte Ltd
Oceans Group Search and Selection
Pte Ltd
PMC (S) Pte Ltd
Protea Holdings Pte Ltd
Techdesign Engineering Pte Ltd
The Ocean Resort Developments Pte
Ltd
AC Satum Pte Ltd

Mr “Brian” He Zhen, aged 35, has been a director or partner of the following
companies during the five years preceding the date of this announcement:
Current                              Within the past five years
Mezzotin Investment Pvt. Ltd         Real Gain Investment Pvt. Ltd




                                                                           

Date: 24/04/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story