Our strategy is to create industry-leading businesses regardless of the market environment.
Through consolidation, acquisition and enhancement of the operations, we aim to unlock the full value of our investments.
Sedibelo Platinum Mines has one of the world’s Top-5 PGM resource bases, with over 100 million ounces.
Sedibelo Platinum Mines recorded its seventh successive year of record PGM production in 2015, with consistent improvements in cost per ounce produced.
Tshipi has been built from a greenfields site into one of the world’s largest and lowest cost manganese producers.
Together, with our partner, Ntsimbintle, we operate a world-class manganese asset with a life exceeding 60 years.
Gemfields is the world’s leading producer of emeralds and rubies.
Gemfields announced annual revenue of US$193 million, EBITDA of US$69 million and net profit of US$23 million in its financial year to 30 June 2016.
In 2007, Pallinghurst identified the platinum group metals (“PGM” or “PGMs”) industry as having attractive investment fundamentals. PGMs are essential to a wide range of industries and do not have any substitutes in their main applications, particularly in automotive catalytic converters. An estimated 20% of consumer products either contain PGMs or use them during the manufacturing process.
In 2007, Pallinghurst identified the raw materials needed for steelmaking as having attractive investment fundamentals. Steel is an important driver of the global economy and has shown consistent growth through a number of economic cycles, in particular when developing economies expand rapidly.
In 2007, Pallinghurst identified the coloured gemstone sector as an “overlooked” industry that offered a unique investment opportunity. Demand for coloured gemstones by the jewellery and fashion sectors was increasing, but supply was constrained and fragmented due to the lack of large, reliable producers able to consistently deliver sufficient quantities of gemstones. Pallinghurst saw an opportunity to unlock value by bringing capital, scale and professionalism to the industry, to which end it assembled a consortium of Pallinghurst Co-Investors, including the Group.
Pallinghurst’s Interim Report for the six months ended 30 June 2016 is now available.
ZAR4.3 billion / US$289.4 million
ZAc562 / US$0.381
NAV Per Share is based on net assets divided by the number of ordinary shares in issue at 30 June 2016.
Sedibelo Platinum Mines places a strong emphasis on workplace safety and has recently achieved a record of over 4 million fatality-free shifts, a considerable achievement in any mining environment.
Tshipi sold over 1.5 million tonnes of manganese ore in its financial year to 29 February 2016. Despite the difficult price environment, rigorous cost management has helped Tshipi to achieve positive cash flows in every quarter.
Gemfields has continued its strong performance, once again generating record auction revenues (of US$174 million) in its financial year to 30 June 2016.