MC Mining Limited (JSE:MCZ) News - Uitkomst Coal Sales 
-   sale of at least 20,000t of Uitkomst coal per month at API4-linked, US dollar denominated prices;
-   Overlooked is responsible for the transportation, stockpiling and export of the coal at port and
    will receive a market related commission; and
-   Overlooked charges a competitive marketing fee of 5% of the sales price which is reasonable
    considering competing proposals received by Uitkomst, for providing access to the international
    market.


Related Party Transaction


The Company entering into the Marketing Agreement, as set out above, is deemed a related party
transaction under the AIM Rules for Companies due to Mr Matthews Senosi (a Non-Executive Director
and Substantial Shareholder (as defined by the AIM Rules) of the Company) being the Chief Executive
Officer and majority shareholder of Overlooked. The independent directors of the Board of MC
Mining, being those directors other than Mr Senosi, having consulted with Strand Hanson Limited, the
Company's Nominated Adviser, consider the Marketing Agreement to be fair and reasonable insofar
as the Company's shareholders are concerned.


Godfrey Gomwe, Managing Director and Chief Executive Officer of MC Mining, commented:

“Uitkomst is a small mine that produces high quality coal and the trial production of different coal
products earlier in the year ensured that we have a better understanding of what the colliery can
produce and the effects these have on our processing plant yields. The colliery does not produce
sufficient coal to fill a ship on a monthly basis and a partnership with Overlooked will facilitate more
frequent shipments at higher international thermal coal prices. These prices have remained higher
than previously forecasted and the Marketing Agreement ensures that Uitkomst benefits from the
prevailing price, particularly our pea-sized products, as these were historically sold into domestic fixed-
price contracts. The colliery will continue to supply coal to the local market, but at reduced volumes.”


Godfrey Gomwe
Managing Director and Chief Executive Officer
This announcement has been approved by the Company’s Disclosure Committee.
All figures are in United States dollars unless otherwise stated.

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 Secretary            Endeavour Corporate          +61 08 9316 9100
                                                             Services
Company advisors:
James Harris / James           Nominated Adviser        Strand Hanson Limited        +44 20 7409 3494
      Dance
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).

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.





Date: 28-07-2022 12:09:00
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.