MC Mining has appointed Yi Christine He as interim MD and CEO from July 1.
This followed the company’s announcement on Tuesday that Godfrey Gomwe would step down from these roles from June 30.
Gomwe joined MC Mining in April 2022 as a non-executive director and was subsequently appointed MD and CEO later the same month.
During his tenure, MC Mining carried out a rights issue, which was completed in November 2022. The rights issue facilitated the enhancement and progression of the studies required to construct the shovel-ready Makhado hard-coking steelmaking coal project and the formulation of the detailed Makhado life of mine and implementation plans, the company said.
The increase in the reserves and hard coking steelmaking coal yields reported in the plan added significant value to the project.
Gomwe leaves the company after the successful off-market offer by Goldway Capital Investment in April, which resulted in Goldway and its consortium members holding more than 93% of the company’s shares.
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