MC Mining Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Godfrey Gomwe

Chief executive officer

US$912.9k

Total compensation

CEO salary percentage	27.4%
CEO tenure	2.3yrs
CEO ownership	1.0%
Management average tenure	no data
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Godfrey Gomwe's remuneration changed compared to MC Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$9m
Sep 30 2023	n/a	n/a	-US$7m
Jun 30 2023	US$913k	US$250k	-US$4m
Mar 31 2023	n/a	n/a	-US$13m
Dec 31 2022	n/a	n/a	-US$21m
Sep 30 2022	n/a	n/a	-US$21m
Jun 30 2022	US$304k	US$67k	-US$21m

Compensation vs Market: Godfrey's total compensation ($USD912.93K) is above average for companies of similar size in the Australian market ($USD298.71K).

Compensation vs Earnings: Godfrey's compensation has increased whilst the company is unprofitable.

CEO

Godfrey Gomwe (68 yo)

2.3yrs

Tenure

US$912,929

Compensation

Mr. Godfrey Gregory Gomwe, BAcc, MBL, CA(Z), CD(SA), had been a Non-Executive Director of MC Mining Limited since April 11, 2022 until April 27, 2022 and serves as its Director, Managing Director & Chief E...

Board Members

Name	Position	Tenure	Compensation	Ownership
Godfrey Gomwe	MD, CEO & Director	2.3yrs	US$912.93k	0.97% $ 540.0k
Andrew Mifflin	Independent Non-Executive Director	9.6yrs	US$183.07k	no data
Yi He	Non-Executive Director	1.3yrs	no data	2.09% $ 1.2m
An Chee Sin	Independent Non-Executive Director	6.3yrs	US$183.33k	5.17% $ 2.9m
He Zhen	Non-Executive Director	6.3yrs	US$140.78k	0.064% $ 35.8k
Ontiretse Senosi	Non-Executive Director	2.3yrs	US$140.78k	23.03% $ 12.9m
Julian Hoskin	Independent Non-Executive Director	1.3yrs	no data	no data

2.3yrs

Average Tenure

63yo

Average Age

Experienced Board: MCM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

MC Mining Management

Management criteria checks 0/4

Key information

Recent management updates

MC Mining Limited Announces Board Changes

MC Mining Limited Appoints Christine He as Chief Executive Officer, Effective 1 July 2024

MC Mining Limited Announces Stepping Down of Godfrey Gomwe as Chief Executive Officer,Effective from June 30, 2024

MC Mining Limited Announces Executive Changes

MC Mining Limited Announces Nhlanhla Nene Will Step Down as Director and Chairman of the Board

MC Mining Limited Announces Resignation of Khomotso Mosehla as Independent Non-Executive Director

Recent updates

MC Mining Limited Announces Board Changes

MC Mining Limited Appoints Christine He as Chief Executive Officer, Effective 1 July 2024

MC Mining Limited Announces Stepping Down of Godfrey Gomwe as Chief Executive Officer,Effective from June 30, 2024

MC Mining Provides Notification of the Cancellation of the Admission to Trading on AIM of its Ordinary Shares and AIM Cancellation Expects to Take Place on 19 June 2024

MC Mining Limited Announces Executive Changes

MC Mining Limited Receives a Notice from Dendocept Proprietary Limited

MC Mining Limited Receives a Notice from Dendocept Proprietary Limited

MC Mining Limited Announces Nhlanhla Nene Will Step Down as Director and Chairman of the Board

MC Mining Limited Announces Resignation of Khomotso Mosehla as Independent Non-Executive Director

Goldway Capital Investment Announces Satisfaction of Minimum Acceptance Condition

Goldway Capital Extends Offer to MC Mining Shareholders

Dendocept Proprietary Limited, Pacific Goal Investment Limited, Shining Capital GP Limited, Ying He Yuan Investment (S) Pte. Ltd, Longelephant International Trade Limited and Golden archer Investment (pty) Ltd cancelled the acquisition of remaining 35.6% stake in MC Mining Limited (ASX:MCM)

IBC of MC Mining Reviews the Second Supplementary Bid from Goldway

MC Mining to Make an Application to Cancel the Admission of its Shares to Trading on AIM

MC Mining to Make an Application to Cancel the Admission of its Shares to Trading on AIM

High number of new directors

MC Mining Announces Receipt of Notice of Intention to Make A Takeover

MC Mining Announces Receipt of Notice of Intention to Make A Takeover

High number of new directors

MC Mining Limited, Annual General Meeting, Nov 30, 2023

New major risk - Financial position

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

MC Mining Limited Announces Significant Increases in Mine Life and Coal Reserves

Less than half of directors are independent

Less than half of directors are independent

First half 2023 earnings released: US$0.005 loss per share (vs US$0.005 loss in 1H 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

MC Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 40.005344 million.

MC Mining Limited, Annual General Meeting, Nov 30, 2022

Full year 2022 earnings released: US$0.13 loss per share (vs US$0.077 loss in FY 2021)

MC Mining Limited Provides Update on Makhado, Vele and GSP

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

MC Mining Limited Announces the Completion of A Bankable Feasibility Study for Its Fully Licenced Makhado Hard Coking Coal Project

MC Mining Limited Announces Board Changes

MC Mining Limited Announces of Sam Randazzo as Resignation of Executive Director

Less than half of directors are independent

MC Mining Limited Announces Board Resignations

Less than half of directors are independent

Less than half of directors are independent

Insufficient new directors

Full year 2021 earnings released: US$0.077 loss per share (vs US$0.085 loss in FY 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age