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 Annual Report for the year ending 31 December 2017 is now available.
ZAR7.6 billion / US$617 million
Zac500 / US$0.40
NAV Per Share is based on net assets divided by the number of ordinary shares allotted at 31 December 2017.
Sedibelo achieved a record 4.6 million fatality-free shifts during 2017, one of the PGM industry’s best safety records.
Tshipi distributed ZAR1 billion to its shareholders in February 2017 and a further ZAR500 million in September 2017.
Gemfields plc was acquired by Pallinghurst via a public market offer, which successfully completed post the period end.