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MC Mining appoints interim CEO

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World Coal,

MC Mining Ltd confirms that, further to its announcement of 7 December 2020, the recruitment process for a replacement permanent CEO is at an advanced stage and the company anticipates making a further announcement in due course. The outgoing acting CEO, Brenda Berlin, will step down on 15 February 2021 and Sam Randazzo, a Non-Executive Director of MC Mining will serve as interim CEO while the recruitment process is finalised. Berlin has worked closely with Randazzo, facilitating an orderly handover and her departure is not expected to impact the finalisation of the funding for the company’s flagship, fully permitted Makhado hard coking coal project nor the day to day running of the Group’s operating mine, the Uitkomst Colliery.

Randazzo is Chairman of the company’s Audit & Risk Committee and a member of the Nomination & Remuneration Committee and is a member of Chartered Accountants Australia and New Zealand. He has over 25 years' experience in the mining industry and has completed numerous capital-raisings. He has extensive public company exposure as well as operational management experience across a variety of projects in Africa and the rest of the globe. This includes roles as chief executive officer, chief financial officer, chairman and directorship positions of ASX-, TSX- and AIM-listed mineral resource companies.

MC Mining Chairman, Bernard Pryor, said: “On behalf of the Board I would like to thank Randazzo for agreeing to serve as interim CEO. Sam brings a wealth of mining, commercial and financing expertise that will be valuable to the company as we complete the Makhado Phase 1 funding. The process to recruit a permanent CEO is at an advanced stage and the board anticipates that this will be completed in the near future.”

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South Africa coal news