MC Mining Limited Uitkomst Colliery Resumes Operations (6688F)

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RNS Number : 6688F

MC Mining Limited

19 July 2021

ANNOUNCEMENT

19 July 2021

UITKOMST COLLIERY RESUMES OPERATIONS

MC Mining Limited ("MC Mining" or the "Company") is pleased to advise that operations at its 70% owned Uitkomst colliery resumed earlier today.

Bus service providers contracted by the Company have advised the civil unrest in and around the towns and communities where the majority of the Uitkomst mine employees and contractors reside has sufficiently dissipated for employees to safely transit to and from the Uitkomst colliery.

The temporary suspension of operations has resulted in the loss of three and half days of run of mine coal production, equating to approximately 5,600 tonnes. The Company is currently assessing mine plans with the objective of recovering some or all of the forgone production.

Authorised by

Bernard Pryor

Chairman

This announcement has been approved by the Company's Disclosure Committee.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

ASX: MCM / AIM: MCM.L / JSE: MCZ

 
 For more information contact: 
 Sam Randazzo                  Interim Chief Executive Officer    MC Mining Limited               [phone] 
 Tony Bevan                    Company Secretary                  Endeavour Corporate Services    [phone] 
 
   Company advisors: 
 James Harris / James Dance    Nominated Adviser                  Strand Hanson Limited           [phone] 
 Rory Scott                    Broker (AIM)                       Tennyson Securities             [phone] 
 James Duncan                  Financial PR (South Africa)        R&A Strategic Communications    [phone] 
 
   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).

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.

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July 19, 2021 05:46 ET (09:46 GMT)