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To de-risk Petmin for all shareholders, by reducing our dependence on one
geographic region and one commodity through geographic diversification spread
across our chosen range of commodities that feed into the steel value chain. |
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To continuously evaluate the performance of our assets to ensure superior returns
through investment and divestment. |
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To ensure sustainable organic growth in our cash producing assets. |
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To maintain our dividend policy of paying 20% of HEPS. |
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To maintain a debt to equity ratio of less than 30%. |
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To acquire cash producing assets that produce at a price that will ensure a longterm
return well in excess of our cost of capital. |
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To invest in a quality pipeline of development assets. |
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To prudently allocate our capital resources between cash generating operations and
developing projects. |
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To move our London AIM listing to the Main Board and to become part of the
FTSE Top 250 Index by 2015. |
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To secure our licence to operate. |
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Continue the culture of zero harm to employees and minimal impact on
the environment. |
Petmin’s vision, strategy and Business of Tomorrow value proposition is based on a strong
operational and financial foundation with a proven growth and investment criteria.
The company has a phased approach to investment in projects with a long potential life of mine and a
quality orebody which can generate with BFS within 36 months of initial investment indicating that the
project can generate in excess of $30 million PBT per annum at full production at the bottom end of
the cost curve.
Petmin invests in politically-stable countries where security of tenure is guaranteed. It identifies
strong local partners and secures joint management control in projects from inception with the
option to significantly increase its stake at a predetermined price over time, based on clearly
determined milestones. |
