JSE-, ASX- and Aim-listed MC Mining has appointed Wang Lanlan (Lily) and Dr Huoxin Wang (Hevin) as nonexecutive directors, following the resignation of nonexecutive director An Chee Sin from the company, with effect from April 15.

This follows Kinetic Development Group’s (KDG’s) $90-million investment in MC Mining in August last year.

“Mr Chee Sin has been a vital member of MC Mining’s board and contributed to MC Mining being positioned to become South Africa’s pre-eminent steelmaking hard coking coal producer. [He] has also provided invaluable input as a member of the MC Mining audit and risk committee,” the company expresses.

Lanlan is the current VP and CFO of Kinetic (Asia) and also serves as that company’s president.

Wang currently serves as the chairperson’s assistant and group deputy GM of finance at Eagle Canyon International Group where he manages operations and financial activities including overseeing cross-border investments, mergers and acquisitions, organisational optimisation and investment strategy design.

“On behalf of the board, I would like to firstly, thank Mr Chee Sin for his dedicated and valuable service to the company since April 2018.

[He] has been a critical contributor to shepherding the company through a number of corporate actions including a successful rights issue and the recent investment transaction with KDG that has finally positioned the company to realise its long-term strategic intent of becoming the leading contributor to steelmaking coal for the market in South Africa.

“The board and company wish him well in his future endeavours,” says MC Mining interim chairperson Mathews Senosi.

“The board welcomes Lily and Hevin who will add significant depth to the skills available to the company. Their financial backgrounds and extensive experience in cross border enterprise management and corporate action will be invaluable, particularly given their knowledge of both the African and Hong Kong markets.

“We look forward to their contribution to the future success of the company,” he adds.