New Business Wins – Mining Sector
It’s been a productive few months for Buchanan’s mining team with some exceptional mining businesses joining the roster in commodities including chrome, PGM, uranium and silver.
In no particular order we are delighted to announce that:
Tharisa plc – LSE: THS/JSE: THA – Market Cap: £366m/ZAR5.8bn
This month we commenced work with Tharisa plc, the leading chrome and PGM producer listed on the London and Johannesburg stock exchanges. The Tharisa mine, located near Rustenberg in the Bushveld complex, produces 10% of the world’s supply of chrome, as well as high-grade PGM concentrates which Tharisa markets, sells and exports to its global customer base. It is exciting times for the chrome market, when “low Chinese port stocks of chrome ore will spur further buying in 2017” – Peel Hunt. Watch this space. More information can be accessed through www.tharisa.com.
Berkeley Energia – AIM/ASX: BKY- Market Cap: £172m/A$300m
In September 2016, Buchanan welcomed Berkeley Energia to its mining franchise. The Company is currently constructing its 100% owned Salamanca Uranium mine in western Spain. The Salamanca project is a large scale uranium endowment and it is set to become one of the lowest cost producers of U3O8 in the world with a long life mining operation and near surface, high grade deposits. Further details can be reached on www.berkeleyenergia.com.
Silver Bear Resources – TSX: SBR – Market Cap: C$50m
Silver Bear Resources, listed on the Toronto Stock Market, is focused on the development of its wholly-owned Mangazeisky Silver Project which includes the Vertikalny deposit, one of the highest grade silver deposits in the world. Silver Bear is fully funded through to production and is currently building the Mangazeisky Silver Project which is expected to reach commercial production in the first half of this year. See more info at www.silverbearresources.com.
The accounts will be led by Bobby Morse (Senior Partner), supported by Anna Michniewicz and Chris Judd.
For further information, please contact Bobby Morse on 020 7466 5000.