MC Mining Limited announces that Mr. Nhlanhla Nene will step down as Director and Chairman of the Board, effective 25 April 2024. Mr. Nene joined the Company on 11 April 2022, initially serving as a Non-Executive Director and then as Chairman from 28 April 2022. At the time of his appointment, MC Mining was facing challenging operating and funding conditions following the COVID-19 pandemic.

The Company subsequently completed a fully underwritten rights issue in November 2022, facilitating the revitalization of the Makhado steelmaking hard coking coal project and a revision of its development strategy, significantly enhancing the value of the project for all stakeholders.