MC Mining Limited

Career chronology

• From 2026-07-29: MC Mining Limited — Interim Managing Director / Interim Chief Executive Officer. CEO and management changes (announcement dated 28 July 2026; appointment effective date stated as 29 July 2026)

• Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — appointed NED 15 October 2025, chair 19 May 2026 and interim MD/CEO 29 July 2026; earlier profile describes finance, cross-border enterprise management and corporate actions, and property investment leadership. Half-Year Financial Report to 31 December 2025 (director biography, and mcm_ar26 governance update)

• By 2025–2026: Kinetic Development Group Ltd. — Chairman of South Africa project; responsible for overall operation of MC Mining South African coal mines. Annual Report 2025 (p. 71; senior management biography)

• Earlier career; dates undisclosed: Guangzhou R&F Properties — Assistant President and Investment Director. CEO and management changes (appointment biography; prior experience)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

CFA; legal qualification reported in appointment materials. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Half-Year Financial Report to 31 December 2025 (director biography, and mcm_ar26 governance update)

Contributions and company outcomes

Company-level project and delivery record

Most recent report through cutoff · issuer reported · medium materiality

MC Mining reported C3 commissioning of the Makhado coal handling plant in May 2026 and described subsequent commissioning progress. This is company-reported delivery; it remains distinct from stable commercial production and does not establish individual causation.

Attribution: Employer context; no individual link established. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Activities Report for quarter ended 30 June 2026 (Makhado operations and C3 commissioning)

Litigation and enforcement

Makhado environmental authorization and water concerns remain unresolved or disputed

2025–2026 · disputed · high materiality

Two distinct matters remain in the public record. First, in August 2025 the Democratic Alliance alleged Makhado work proceeded without valid environmental authorization and questioned rehabilitation guarantees; MC Mining disputed the allegations, said the Minister had confirmed the authorization’s validity, and said its guarantees were in place. Business Day reported that High Court and departmental processes were pending, and MC Mining’s FY2026 annual report continued to describe its authorizations as current; no final judgment or departmental appeal outcome was located through 2026-10-09. Second, the separate Makhado integrated water-use licence (IWUL) appeal dates to 2016: the Minister lifted the licence suspension in May 2017, making the IWUL executable while allowing appellants to pursue the Water Tribunal. The 2019 licence amendment is valid to 15 January 2035, but SRK’s 2024 independent specialist report said a Tribunal hearing had been postponed indefinitely with no outcome, and noted omitted plant-area water uses and that approvals were based on an outdated project description. SRK said its review was not a legal or compliance audit. The company’s FY2026 Q4 report later said the eastern wellfield bulk-water system was installed and commissioned; this does not resolve the appeal or prove regulatory compliance. Separately, a landowner-commissioned 2025 assessment reported declining quality and elevated arsenic/manganese in selected boreholes; the landowner sought regulator investigation but did not assert a causal link. MC Mining said it monitors groundwater, submits results to regulators, and complies with the IWUL, but published no underlying monitoring results in that response. No regulator or court finding attributing contamination to Makhado, and no later resolution of the water-quality concern, was located. Deng joined MC Mining as a non-executive director in October 2025 and became interim MD/CEO effective 29 July 2026; he was not an executive when the 2025 allegations arose, and no personal wrongdoing finding or direct link was located.

Attribution: Employer context; no individual link established. The allegations are against the company/project and were disputed; no personal conduct or finding is attributed to either Deng or Pavlovski.

Relevance: Material regulatory and environmental exposure during Makhado commissioning.

MC Mining rejects claims of illegal mining at Makhado colliery (paras. 4–10; DA allegation, issuer response and pending proceedings); Annual Report to shareholders FY2026 (FY2026 annual report, project regulatory status); Minister lifts the appeal against Integrated Water Use Licence at Makhado Project (paras. 1–3; suspension lifted, licence executable, Tribunal route retained); Independent Specialist Report on the Mineral Assets of MC Mining Limited (pp. 60–61; amended IWUL, Tribunal status, omitted plant uses and limits of review); Arsenic scare near Makhado mine (paras. 4–12; Core Environmental Services sampling and landowner qualification); Response to a media report about declining groundwater quality in the Ndzelele communities (paras. 1–2; company groundwater monitoring and compliance response); Activities Report for quarter ended 30 June 2026 (Makhado project water infrastructure status and quarter-end operating update)

Suitability for the current role

Professional fit for Interim Managing Director / Interim Chief Executive Officer

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half-Year Financial Report to 31 December 2025 (Current executive roster); Half-Year Financial Report to 31 December 2025 (director biography, and mcm_ar26 governance update); Half-Year Financial Report to 31 December 2025 (Directors’ report / current executive roster); Annual Report 2025 (p. 71; senior management biography); CEO and management changes (appointment biography; prior experience)

Evidence gaps

• No final judgment or department decision resolving the 2025 environmental-authorization challenge was located by 2026-10-09.

• No Water Tribunal determination after the indefinitely postponed hearing, regulator water-quality finding, or later published groundwater test results resolving the 2025 borehole concern was located by 2026-10-09.

Career chronology

• Current as of 2026-09-26; exact start date not supplied: MC Mining Limited — Company Secretary. Half-Year Financial Report to 31 December 2025 (Directors’ report / current executive roster)

• Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — company secretary; 2026 Q4/annual release confirms resignation as NED effective 5 May 2026 and continuation as company secretary; issuer describes listed-company secretarial/corporate advisory focus. Half-Year Financial Report to 31 December 2025 (corporate directory and directors’ report)

• May 2024–present: Vision Corporate Pty Ltd. — Company secretarial and corporate advisory services; company secretary MC Mining from May 2024. Appointment of New Company Secretary (appointment announcement)

• Over 15 years before May 2024; employer dates not identified: Banking, wealth management, stockbroking and corporate advisory — Roles across financial services and capital markets. Appointment of New Company Secretary (appointment biography)

Contributions and company outcomes

Company-level project and delivery record

Most recent report through cutoff · issuer reported · medium materiality

MC Mining reported C3 commissioning of the Makhado coal handling plant in May 2026 and described subsequent commissioning progress. This is company-reported delivery; it remains distinct from stable commercial production and does not establish individual causation.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Activities Report for quarter ended 30 June 2026 (Makhado operations and C3 commissioning)

Litigation and enforcement

Makhado environmental authorization and water concerns remain unresolved or disputed

2025–2026 · disputed · high materiality

Two distinct matters remain in the public record. First, in August 2025 the Democratic Alliance alleged Makhado work proceeded without valid environmental authorization and questioned rehabilitation guarantees. MC Mining disputed the allegations, said the Minister had confirmed the authorization’s validity, and said its guarantees were in place. Business Day reported pending High Court and departmental processes; the FY2026 annual report continued to describe the authorizations as current, but no final judgment or departmental appeal outcome was located through 2026-10-09. Second, the separate Makhado integrated water-use licence (IWUL) appeal dates to 2016. The Minister lifted the licence suspension in May 2017, making the IWUL executable while allowing appellants to pursue the Water Tribunal. The 2019 licence amendment is valid to 15 January 2035, but SRK’s 2024 independent specialist report said a Tribunal hearing had been postponed indefinitely with no outcome, and noted omitted plant-area water uses and that approvals were based on an outdated project description; SRK said this was not a legal or compliance audit. The company’s FY2026 Q4 report later said the eastern wellfield bulk-water system was installed and commissioned, which does not resolve the appeal. Separately, a landowner-commissioned 2025 assessment reported declining quality and elevated arsenic/manganese in selected boreholes; the landowner sought regulator investigation but did not assert causation. MC Mining said it monitors groundwater, submits results to regulators and complies with the IWUL, but did not publish underlying results in its response. No regulator or court finding attributing contamination to Makhado, or later resolution of the concern, was located. Pavlovski was not named in the allegations and no personal link is established.

Attribution: Employer context; no individual link established. The allegations are against the company/project and were disputed; no personal conduct or finding is attributed to either Deng or Pavlovski.

Relevance: Material regulatory and environmental exposure during Makhado commissioning.

MC Mining rejects claims of illegal mining at Makhado colliery (paras. 4–10; DA allegation, issuer response and pending proceedings); Annual Report to shareholders FY2026 (FY2026 annual report, project regulatory status); Minister lifts the appeal against Integrated Water Use Licence at Makhado Project (paras. 1–3; suspension lifted, licence executable, Tribunal route retained); Independent Specialist Report on the Mineral Assets of MC Mining Limited (pp. 60–61; amended IWUL, Tribunal status, omitted plant uses and limits of review); Arsenic scare near Makhado mine (paras. 4–12; Core Environmental Services sampling and landowner qualification); Response to a media report about declining groundwater quality in the Ndzelele communities (paras. 1–2; company groundwater monitoring and compliance response); Activities Report for quarter ended 30 June 2026 (Makhado project water infrastructure status and quarter-end operating update)

Suitability for the current role

Professional fit for Company Secretary

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half-Year Financial Report to 31 December 2025 (Current executive roster); Half-Year Financial Report to 31 December 2025 (corporate directory and directors’ report); Half-Year Financial Report to 31 December 2025 (Directors’ report / current executive roster); Appointment of New Company Secretary (appointment announcement); Appointment of New Company Secretary (appointment biography)

Evidence gaps

• No final judgment or department decision resolving the 2025 environmental-authorization challenge was located by 2026-10-09.

• No Water Tribunal determination after the indefinitely postponed hearing, regulator water-quality finding, or later published groundwater test results resolving the 2025 borehole concern was located by 2026-10-09.