Browsing: platinum

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 port...

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  • 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

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://exchange.co.tz/investing/investment...

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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 preposterou...

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Capitalism’s new face…

The days when companies were focused purely on optimizing value are gone.

The new focus now is on creation of shared value where all stakeholders benefit. In times past it was acceptable for corporations to operate with a singular goal in mind. Make money. Make money for shareholders.

Even that goal was not always followed to the letter.

Managers of large multinational organizations seemed more preoccupied with creating personal fiefdoms and self-aggrandizement. They would pursue this self-serving goal at the expense of the shareholders on whose behalf they were running the business in the first place.

It is still a problem today, however, it is no longer as pronounced as it was in the past. These days investors look beyond the financial outcomes that corporations generate to see if they are truly being responsible corporate citizens.

ESG is not the future. ESG is now.

Adopting ESG enhances

  • Impala Platinum plans to acquire 100 per cent of the issued ordinary shares of Royal Bafokeng Platinum.
  • Northam Platinum Holdings has also secured an agreement with the target company.
  • Impala Platinum was said to be flush with cash on the back of higher rhodium and platinum group prices.

On October 27, 2021, the JSE Stock Exchange News Service (SENS) broke a story that two formidable platinum producers listed on its main board were in talks over a possible merger/acquisition transaction.

The opening lines of the statement read: “Shareholders of both Royal Bafokeng Platinum and Impala Platinum (“the Parties”) are advised that the Parties are in discussions relating to a non-binding indicative proposal (“Proposal”) from Impala Platinum to acquire 100 per cent of the issued ordinary shares of Royal Bafokeng Platinum, other than treasury shares held by the Royal Bafokeng Platinum Group by way of a scheme of arrangement in terms …

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 …