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MC Mining Limited (ASX:MCM)

ALERT: Price-sensitive ASX Announcement for MCM
Current share price for MCM : $0.270 -0.005 (-1.82%)+
Announcement
Release
28 Jul 2026 4:56PM
Price at Release
$0.275
Full Release
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Summary
MC Mining Limited announced the resignation of Ms Yi (Christine) He as Managing Director and CEO, effective 29 July 2026, following the successful conclusion of significant milestones during her tenure. She will continue as a Non-Executive Director. Mr Jianheng (Albert) Deng, the current Chairman, is appointed as Interim CEO and Managing Director, with no additional remuneration for his interim role. Key achievements under Ms He's leadership include a transformational recapitalisation and strategic repositioning of the company, successful Kinetic Development Group investment, and the advancement of the Makhado hard coking coal project. The company is now well-positioned as an operating coal producer with a strong safety performance record. Ms He remains committed to supporting the company in her new capacity.
Key Points
  • Resignation of Ms Yi (Christine) He as Managing Director and CEO effective 29 July 2026.
  • Ms He to remain on the Board as a Non-Executive Director.
  • Chairman Mr Jianheng (Albert) Deng appointed as Interim CEO and Managing Director.
  • No additional remuneration for Mr Deng during his interim role.
  • Ms He's tenure included transformational recapitalisation and strategic repositioning.
  • Successful completion of Kinetic Development Group investment.
  • Advancement of Makhado hard coking coal project.
  • Transition from exploration to an operating coal producer.
  • Strong safety performance during construction and mining at Makhado.
  • Ms He remains committed to the company as a shareholder and Non-Executive Director.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.