Prescient presentation - Petmin
Prescient presentation - Petmin
Prescient presentation - Petmin
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Vision: To develop into a geographically diversified, multicommodity<br />
mining company that will deliver sustainable and<br />
superior returns to shareholders<br />
18<br />
Strategy<br />
Organic and acquisitive growth<br />
Focusing on a mix of quality cash-producing assets and projects that create “optionality”<br />
Capitalise on the steel value chain and focus on commodities that support infrastructure development and urbanisation<br />
COMMODITIES<br />
<strong>Petmin</strong> is focussed on infrastructure<br />
development and urbanisation<br />
commodities such as:<br />
• Copper<br />
• Iron Ore<br />
• Metallurgical coals (coking &<br />
anthracite)<br />
• Manganese<br />
• Chrome<br />
• Other steel additives<br />
• Potash<br />
PETMIN ACQUISITION Leadership<br />
STRATEGY<br />
Our “Leadership at the Corporate Centre” is tasked with implementing the Board Approved Strategies and setting the tone for the business<br />
The role of the Corporate Centre is to allocate capital and employ the best possible teams for the various projects/operations<br />
The management system is decentralised and each management team is disciplined, innovative and entrepreunaral<br />
Goal<br />
To deliver sustained and superior risk-adjusted returns (capital growth and dividend) to its stakeholders<br />
PETMIN – 2010<br />
Market Cap ~ $250m<br />
JSE Main Board<br />
LSE Aim Market<br />
Anthracite/Silica Operations<br />
Iron Ore / Pig Iron Projects<br />
Predominantly South African Assets<br />
2010 – 2015<br />
Potentially through one transaction or a series of<br />
transactions<br />
GEOGRAPHIES<br />
<strong>Petmin</strong> will invest in politically-stable countries with security of tenure<br />
INVESTMENT CRITERIA<br />
• Opportunities must have a long potential life of mine i.e. >20 years<br />
• The ore body must be of high quality and yield a return (IRR) of at least 20%<br />
• Projects must have the ability to produce at least $30m PBT per annum at full<br />
production<br />
• Operations must be at the bottom 50% of the cost curve<br />
• Projects should be able to produce BFS within 36 months of initial investment<br />
• Dividend and gearing policies to be maintained<br />
PETMIN – 2015<br />
Market Cap > $600m<br />
Listed on LSE Main Board<br />
FTSE 250<br />
Infrastructure Based Commodities – mix of<br />
cash producing operations & projects<br />
South Africa Assets
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