Prescient presentation - Petmin
Prescient presentation - Petmin
Prescient presentation - Petmin
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Sale of SamQuarz silica mine<br />
31<br />
<strong>Petmin</strong> has sold SamQuarz for R258m (Plus NAV)<br />
45% return year-on-year after tax<br />
Largest producer of flint-grade silica in SA<br />
Key supplier to SA clear glass and metallurgical industry<br />
New Order Mining Rights valid for 30 years<br />
Life of mine in excess of 40 years<br />
Stable production of 1.1m tons per annum<br />
Outstanding Conditions: (Best estimate Q2, 2012)<br />
• Section 11<br />
• Competition commission<br />
…A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations<br />
value GROWTH