Lifting of ASX Trading Halt

RNS Number : 9582Y

MC Mining Limited

09 September 2022

 

ANNOUNCEMENT  9 September 2022

LIFTING OF ASX TRADING HALT

MC Mining Limited (MC Mining or the Company) announced on 8 September 2022 that, f ollowing 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 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).

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.

 

END

 

 

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