Petmin at 10 years
Petmin is celebrating ten dynamic years of entrepreneurial growth into a sustainably-profitable JSE-listed company.
The company has been a South African mining success story since current chief executive Jan du Preez led a consortium of entrepreneurs to acquire the old Petmin cash shell in 2004 for R25 million.
It was at this time that Jan met Bradley Doig, then chief investment officer of the New Africa Mining Fund (NAMF). This relationship led to Petminâ€™s acquisition and funding of SamQuarz and Springlake Holdings, and Bradley joined Petmin as chief operating officer. Springlake finance director Bruce Tanner joined Petmin at the same time.
Focus delivers results
Petmin has for ten years focused on the steel value chain and associated commodities. Today, despite economic turbulence and volatile markets, it has a cash-generating anthracite mine independently valued at R1.56 billion, a highly prospective industrial project in North America, and a dividend policy delivering reliable returns to investors.
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