MC Mining Limited announced that Mr Sam Randazzo will step down as Executive Director, effective close of business on 8 April 2022. Sam joined MC Mining in November 2019 as a Non-Executive Director and subsequently as interim Chief Executive Officer and Executive Director from February 2021. Mr Randazzo has agreed to continue in the role of interim CEO while the Board identifies a suitable replacement.In the short time of 12 months since his appointment, Mr Randazzo stabilised the financial position of the Company during a period of acute working capital challenges and social unrest in South Africa. He successfully implemented diligent cash management, negotiated extensions to debt facilities and vendor payments, and concluded the R86 million (USD 5.7 million) funding package announced by the Company on 1 February 2022. Additionally, he initiated and directed a bankable feasibility study for the Makhado hard coking coal project (Makhado Project). Mr Randazzo also originated discussions with several potential key cornerstone funders for the Makhado Project.