MC Mining Limited announces that Ms Brenda Berlin will step down as acting Chief Executive Officer and Executive Director effective 15 February 2021. Ms Berlin joined MC Mining in April 2018 serving as Executive Director and Chief Financial Officer and was subsequently appointed acting CEO in February 2020. She has played a leading role in securing the majority of the funds required to develop the Company's flagship, fully permitted Makhado hard coking coal project. She has also successfully steered the Company through the turbulent period following the spread of the COVID-19 virus and subsequent lockdown. Ms Brenda worked closely with both MC Mining's chairman of the board and chairman of its audit committee on the Makhado Project development financing and her departure in February is not expected to impact on finalising the Phase 1 funding package.
An executive search is in progress and the Company expects to appoint a permanent CEO within sufficient time to allow for an orderly handover.