Unlisted Coal Miners Forging Ahead
Finweek English|29 June 2017

While most of the players in the mining sector are worrying about the future, two unknown and unlisted coal mining companies are investing in new projects.

- David McKay
Unlisted Coal Miners Forging Ahead

For all the scepticism and dark foreboding in South Africa’s mining sector, some brave souls continue to find a way to invest, especially in the energy sector where two unlisted companies are driving forward. One is Scinta South Africa in which Sandile Zungu of Zungu Investment Corporation (Zico) is invested along with veteran junior miner Humphrey Mathe, a founder in Tranter Resources, and financial services firm Bravura, led by Ian Matthews and Soraya Hay.

The other is Canyon Coal, which is jointly owned by Mercuria, a Singaporean trading commodity house, and Menar Holdings, an investment company which is headquartered in Luxembourg and owned by Vuslat Bayoglu, a Turkish national operating in SA’s coal sector for the last 15 years.

According to Charl Ferreira, an executive director of Zico Investments, Scinta’s plan is to begin exploration work on a new coal mining property that it hopes will deliver 4m tonnes per annum (mtpa) of export and domestic thermal coal at a capital cost of R2.5bn.

The property, known as Davel, was purchased from South32 along with Ermelo Mines, which consists of a plant and infrastructure, including a railway loop, and two discard dumps that Scinta hopes can be mined for short-term cash flow. Davel and Ermelo Mines were bought for R187m.

この蚘事は Finweek English の 29 June 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Finweek English の 29 June 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

FINWEEK ENGLISHのその他の蚘事すべお衚瀺
THE HEALTH OF SA'S MEDICAL SCHEMES
Finweek English

THE HEALTH OF SA'S MEDICAL SCHEMES

As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.

time-read
7 分  |
5 November 2021
The effect of Gilbertson's departure
Finweek English

The effect of Gilbertson's departure

With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.

time-read
3 分  |
5 November 2021
Making money from music
Finweek English

Making money from music

Why investors are increasingly drawn to the music industry.

time-read
3 分  |
5 November 2021
Conviction is key
Finweek English

Conviction is key

Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.

time-read
5 分  |
5 November 2021
The post-pandemic toolkit
Finweek English

The post-pandemic toolkit

How CFOs can use technology to support growth.

time-read
4 分  |
5 November 2021
Big city living exodus
Finweek English

Big city living exodus

Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.

time-read
3 分  |
5 November 2021
Big compact, big value
Finweek English

Big compact, big value

Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.

time-read
3 分  |
5 November 2021
On barriers to entry
Finweek English

On barriers to entry

There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.

time-read
2 分  |
5 November 2021
Fear and greed in one index
Finweek English

Fear and greed in one index

To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.

time-read
3 分  |
5 November 2021
Africa's largest data centre facility coming soon
Finweek English

Africa's largest data centre facility coming soon

Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.

time-read
3 分  |
5 November 2021