Wrap Text
Appointment of Interim Chief Executive Officer
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 12 February 2021
APPOINTMENT OF INTERIM CHIEF EXECUTIVE OFFICER
MC Mining Limited (“MC Mining” or the “Company") confirms that, further to its announcement of 7
December 2020, the recruitment process for a replacement permanent Chief Executive Officer
(“CEO”) is at an advanced stage and the Company anticipates making a further announcement in due
course. The outgoing acting CEO, Ms Brenda Berlin, will step down on 15 February 2021 and Mr Sam
Randazzo, a non-executive director of MC Mining will serve as interim CEO while the recruitment
process is finalised. Ms Berlin has worked closely with Mr Randazzo, facilitating an orderly handover
and her departure is not expected to impact the finalisation of the funding for the Company’s flagship,
fully permitted Makhado hard coking coal project (“Makhado”) nor the day to day running of the
Group’s operating mine, the Uitkomst Colliery.
Mr Randazzo is chairman of the Company’s Audit & Risk Committee and a member of the Nomination
& Remuneration Committee and is a member of Chartered Accountants Australia and New Zealand.
He has over 25 years' experience in the mining industry and has completed numerous capital-raisings.
Mr Randazzo has extensive public company exposure as well as operational management experience
across a variety of projects in Africa and the rest of the globe. This includes roles as chief executive
officer, chief financial officer, chairman and directorship positions of ASX-, TSX- and AIM-listed mineral
resource companies.
Commenting today, MC Mining Chairman Bernard Pryor said: “On behalf of the Board I would like to
thank Mr Randazzo for agreeing to serve as interim CEO. Sam brings a wealth of mining, commercial
and financing expertise that will be valuable to the Company as we complete the Makhado Phase 1
funding. The process to recruit a permanent CEO is at an advanced stage and the board anticipates
that this will be completed in the near future.”
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) Tennyson Securities +44 20 7186 9031
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.
Statements of intention
Statements of intention are statements of current intentions only, which may change as new information
becomes available or circumstances change.
Date: 12-02-2021 09:00:00
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