Petmin fast facts

Petmin is a cash-producing dividend-paying junior miner with headquarters in Johannesburg, South Africa. Petmin has a metallurgical anthracite mine in KwaZulu-Natal and an industrial project in North America.

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Summary
 
Strategic focus on steel value chain and commodities required for urbanisation and infrastructure  
Listed on JSE (PET)  
Market cap R657m (Feb 2016)  
28% BBEEE shareholding  
25% management shareholding  
Latest financial results( to year end June 2015)
 
Net cash flow from operating activities up 35% to R901m (2014: R668m)  
Headline earnings per share (HEPS) up 62% to 24.28 cents (2014: 14.95 cents)  
Dividend declared of five cents per share in line with Petmin’s dividend policy  
Gross profit increased to R253m (2014: R195m)  
Revenue increased by 25% to R1.3 billion (2014: R1.0 billion)  
Shareholding in North Atlantic Iron Corporation (NAIC) increased to 35% (2014: 33%)  
Leadership
 
Non-executive chairman: Ian Cockerill

Executive deputy chairman: Lebo Mogotsi

CEO: Jan du Preez

Finance director: Bruce Tanner
 
Operations
 
Petmin’s Somkhele mine in KwaZulu-Natal has an annual production of more than 1.2 million saleable tonnes of high-quality metallurgical anthracite  
Three wash plants: two producing metallurgical anthracite and one producing energy coal from discard  
Sales to domestic and export markets  
SAMREC-compliant open pit reserves of 24.54 million run-of-mine tonnes

SAMREC-compliant resources (inclusive of coal reserves but excluding Area 3) of 118.72 million mineable tonnes in-situ

Area 3 has 21.42 million mineable tonnes in-situ (coal seam only excluding partings)
 
Life of mine in excess of 20 years  
Projects
 
Petmin holds 35% of the North Atlantic Iron Corporation (NAIC) with an earn-in option up to 40% and an option on a further 9.9%. NAIC is a development stage industrial project in North America, established to produce high-quality low-cost merchant pig iron (MPI)  
Petmin also has a stake in the Veremo pig iron project in South Africa.