It’s fair to say Impala Platinum (Implats) CEO Nico Muller is managing expectations regarding the platinum group metals (PGMs) mining firm’s growth plans when he says it is “developing a radar screen” for “future-facing” metals.
To be clear, future-facing metals is a term intended to include battery metals such as nickel, copper and cobalt, but which also extends beyond them.
“It’s not part of our immediate plans,” Muller said at the firm’s year-end results announcement earlier this month before adding: “We don’t have a rich pipeline of projects, but we do recognise the global demand patterns are shifting over the next decade to 15 years.
“We do recognise it, and to that extent we are developing a radar screen to educate ourselves in terms of how these commodity demand patterns are going to shift. We want to be in a position to tap into that. We will be evaluating that as part of our growth plans going forward,” he said.
Mining executives are cautious about promising growth given the overspend of previous commodity cycles. They want to demonstrate their discipline by rewarding shareholders as fulsomely as they can.
Continue reading your story on the app
Continue reading your story in the magazine
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.