Browsing: platinum

Zimplats the Jewel in the Impala Platinum Crown

Zimplats Holdings the jewel in the Impala Platinum’s crown

Investing
  • Zimplats is highly profitable. The Australian Stock Exchange (ASX) listed company boasts a market capitalization of US$ 2.26 billion
  • This subsidiary of JSE listed Impala Platinum is now one of its central operations accounting for 22% of its market value.
  • Zimplats due to its early entry into the Great Dyke in Zimbabwe has great potential for growth given global platinum prices and the support the company has received from the country's government.
  • While Zimplats is lucrative as an investments investors based in Zimbabwe have no means of gaining exposure to this asset in their portfolios unless they venture offshore. The company does not have a secondary listing on the Zimbabwe Stock Exchange.

Zimplats Holdings is an enigma to many Zimbabweans. They know for instance that the company is one of the largest foreign exchange earners for the southern African country, but few know that they can invest in it. Fewer…

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Loucas Pourolis the reticent platinum kingpin

Regional Markets
  • Platinum mining is where Loucas Pouroulis, the chairman of mining outfit Tharisa PLC made and then lost money and then made it again in South Africa. He is looking to make another fortune digging for platinum on the Great Dyke in Zimbabwe
  • A look at the rise, fall and rise again of storied platinum mining entrepreneur Loucas Pouroulis.
  • Tharisa PLC and Karo Mining Holdings, both Loucas Pourolis backed vehicles are the latest companies to venture into Zimbabwe’s rich Great Dyke platinum field
  • Platinum mining is where Loucas Pouroulis and his family have made their wealth however the same mining sector nearly ruined his career 35 years ago
  • Tharisa PLC through Karo Mining Holdings is developing a 150,000 platinum ounces a year project in Zimbabwe on the Great Dyke

Loucas Pourolis, the South African Greek-born mining entrepreneur knows a thing or two about rising from the obscurity of humble beginnings to

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Tharisa PLC Backed Karo enters the Great Dyke in Zimbabwe

Investing
  • Tharisa PLC will be the latest foreign platinum mining firm to enter and invest in the Great Dyke in Zimbabwe.
  • The Great Dyke has the second-largest platinum reserves in the world after South Africa.
  • Tharisa has entered the Zimbabwean platinum mining sector through Karo Mining Holdings which owns the Karo Platinum Project.
  • Tharisa will get into an 85%-15% joint venture with the government of Zimbabwe.
  • The Karo Platinum project is expected to come on stream in 2 years and produce at least 150,000 ounces of the precious metal a year.

https://theexchange.africa/investing/investment-in-africa-2022/

Tharisa PLC which is listed on the JSE took control of Karo Mining Holdings when it increased its interest in March from 28% to 85%. The company is building a mine which it has named the Karo Platinum Project and is envisaged to take at least 20 years to complete. The first phase of the mine's development is expected…

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Zimbabwe’s Platinum is not for Zimbabweans!

Investing
  • Zimbabwe's platinum resources are out of reach for most of the investing public.
  • Platinum is one the largest generators of the foreign exchange for the southern African country.
  • Zimbabwe has generated the most income in foreign exchange since 2013 due in large part to high platinum prices.
  • There is currently no mechanism for investing in platinum for retail investors in Zimbabwe.
  • The Great Dyke in Zimbabwe is the second largest platinum resource in the world.

Zimbabwe's platinum is not for Zimbabwean people. This may at first come across as an outrageous and even preposterous statement however, there is plenty of truth in it. This precious metal has been central to the country achieving a trade surplus as reported in the country's Monetary Policy Statement in February 2022. The southern African country received US$ 9 billion in foreign exchange receipts in 2021 which was a staggering 53.5% higher than the figure…

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Anglo American Platinum reimagining mining to change people’s lives

Investing

The financial results of the company began with a report of the company’s ESG performance. What stood out the most from the company’s report is that the company achieved zero fatalities during its operations in 2021. This is most exceptional given the nature of mining operations which are for the most part dangerous.

Most if not all Anglo-Plat’s peers have reported reduced or reduced fatalities in their operations but not always a zero-fatality rate. This was attributable to what the company calls their Elimination of Fatalities (EoF) strategy. The strategy focuses on the most common causes of fatalities across Anglo American.

Its purpose is to use what the company calls “accumulated learnings from a wide range of fatalities” and use that data to take a more proactive approach to prevent incidents that result in the loss of life. The strategy has paid off resulting in an outlier performance of zero …

Implats, Northam’s play for Royal Bafokeng signals consolidation in platinum sector

Mergers & Acquisitions

According to the SENS report both companies are said to have completed reciprocal due diligence exercises towards a transaction implementation agreement”. The statement goes on to mention that shareholders will be kept abreast of the development around this transaction as they arise.
As is the case, whenever there is impending corporate action from a transaction of this kind investors are urged to take care when trading their shares.
This move by Impala Platinum (Implats) to buy out all the issued shares of Royal Bafokeng Platinum (RB Plats) signals consolidation of the platinum sector on the kind of scale last seen when Sibanye Stillwater acquired Lonmin in 2017.…

Interview: Zimbabwe Minister of Mines and Mining Development

Interview

Zimbabwe has one of the most diverse mining sectors I have ever come across. The country’s soil is rich in elements such as platinum, coal, iron ore, gold, diamonds and most recently the prospect of oil and gas.

Despite its complex economic challenges, mining, along with agriculture, has been a key pillar supporting the country’s GDP. The sector is responsible for around 60% of Zimbabwe’s export earnings and remains as one of the main sources for the much welcome foreign currency inflow.

FurtherAfrica spoke to the Hon. Winston Chitando, Zimbabwe’s Minister of Mines and Mining Development for an open conversation about Zimbabwe’s mining sector, its challenges, new prospects and raising opportunities. Min. Chitando has a remarkable record in his country’s mining industry spanning well over 3 decades. Previous to his appointment as Zimbabwe’s Minister of Mines and Mining Development, he has held several different positions in major companies such as …