MC Mining does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.
MC Mining’s acting chief executive Brenda Berlin plans to step down in the middle of February and will also resign as an executive director. The junior coal miner says an executive search is in progress and it expects to appoint a permanent CEO within sufficient time to allow for an orderly handover. It gave no reason for her departure.
Berlin joined MC Mining in April 2018 as an executive director and chief financial officer. She was appointed acting CEO in February when David Brown stepped down after seven and a half years at the coal miner, with six years of those as CEO. The company said she had played a leading role in securing the majority of the funds required to develop the Company’s flagship Makhado hard coking coal project. Berlin also successfully steered the Company through the turbulent period following the spread of the Covid-19 virus and subsequent lockdown. It said she worked closed with the chairman of the board and chairman of its audit committee on the Makhado Project development financing and her departure was not expected to impact on finalising the Phase 1 funding package.The Covid-19 pandemic has made the past year incredibly challenging and Ms Berlin has been instrumental in navigating the Company through these turbulent times and in securing the majority of the funds required for Phase 1 of the Makhado Project,” chairman Bernard Pryor said.
Main Image: Miningmx
