Corporate profile

Petmin is a mining and processing company with profitable anthracite and silica assets in South Africa and an experienced corporate and operational management team. Formerly known as Petra Mining Limited, Petmin is listed on the Johannesburg securities exchange, the JSE Limited, and the London Stock Exchange’s Alternative Investment Market (AIM).

The group supplies anthracite and silica to blue-chip customers in the metallurgical and industrial sectors in South Africa, including Xstrata South Africa (Pty) Ltd, Samancor Limited, the Evraz Group’s Highveld Steel and Vanadium operation, PFG – a division of PG Group, Consol Limited and Nampak.

In addition, Petmin exports anthracite from its Springlake Colliery to customers in Brazil, India, Spain, Turkey, Ireland and Belgium. The newly commissioned Somkhele Colliery exported its first consignment in June 2007. The group is constantly looking for new markets for its products in South Africa and abroad and one of the fundamental focus areas is to manage distribution channels.

Petmin intends to develop an international multi-commodity minerals business with a particular emphasis on industrial minerals, bulk commodities and base metals. Open to entering into joint ventures, the group is actively looking for acquisitions but will only pursue opportunities that meet its investment criteria.

Committed to the transformation of the South African mining industry, Petmin is on track to meet and exceed the requirements of the country’s Mining Charter and Scorecard. Currently, the black economic empowerment shareholding is 36.9% and the company is investigating ways to increase this to 51%.