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Lifting of ASX Trading Halt

Published: 2022-09-09 13:38:37 ET
<<<  go to JSE:MCZ company page
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                                                                             9 September 2022

                                         LIFTING OF ASX TRADING HALT


MC Mining Limited (MC Mining or the Company) announced on 8 September 2022 that, following
movements in its share price, the Company’s ordinary shares were placed in a trading halt on the
Australian Stock Exchange (ASX) (ticker: MCM). The ASX has informed MC Mining that the trading halt
has been lifted and trading of the Company's ordinary shares has resumed on the ASX.


The trading halt did not affect trading in the Company’s shares on the Johannesburg Stock Exchange
(ticker: MCZ) and AIM market of the London Stock Exchange plc (ticker: MCM), where normal trade
continued.


Further announcements will be made in due course, as appropriate, in relation to the funding
processes for the Makhado hard coking coal project.


Godfrey Gomwe
Managing Director and Chief Executive Officer
This announcement has been approved by the Company’s Disclosure Committee.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014,
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).


For more information contact:
       Tony Bevan                         Company                      Endeavour Corporate             +61 08 9316
                                          Secretary                    Services                        9100
       Company advisors:
       James Harris / James               Nominated                    Strand Hanson                   +44 20 7409
       Dance                              Adviser                      Limited                         3494
Rory Scott                           Broker (AIM)                  Tennyson Securities               +44 20 7186
                                                                                                     9031
James Duncan                       Financial PR                    R&A Strategic                     +27 11 880
                                   (South Africa)                  Communications                    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.
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).

All figures are denominated in United States dollars unless otherwise stated. Safety metrics are compared to the
preceding quarter while financial and operational metrics are measured against the comparable period in the
previous financial year. A copy of this report is available on the Company's website, www.mcmining.co.za.



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.