TIDMMCM
RNS Number : 8177L
MC Mining Limited
24 April 2018
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 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 Services +61 08 9316 9100
Company advisors:
Financial PR
Jos Simson/ Gareth Tredway (United Kingdom) Tavistock +44 20 7920 3150
Ross Allister/Richard
Crichton/James Bavister Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
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 Ltd Global United Engineering Pte 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 Centre Pte Ltd Singapore Precision Medicine Centre 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
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This information is provided by RNS
The company news service from the London Stock Exchange
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