Zizwe is renowned for our main strategy to secure business with good Clients that mine sustainable commodities within our operating areas. Our focus is to retain our relationship with blue chip clients, like Seriti, Anglo, Glencore, Samancor and Thungela, who in turn mine Platinum, Coal and Chrome.
We’ve managed to extend all Samancor contracts for 3 years, with the prospect of securing more.
Both Kangwane Anthracite and MMS Coal for Seriti are new contracts. I am proud of our operational and plant teams for cultivating these opportunities in the “Zizwe Professional” way.
Bulk Mech has renewed its contract with Thungela, and landed ATC re-mining. A special thank you to everyone involved in renewing existing work, and in securing new contracts. You all put bread on Zizwe’s table.
Prospects for all commodities and the different areas where we operate present a very healthy picture. Opportunities in the mining sector are countless reflecting the healthy condition of the industry overall.
The main topic at this year’s Mining Indaba was Global Sustainability. And with this, the focus is on Eskom, which is not performing. We know that South Africa has to consider new power sources and is in a challenging position lacking investor interest whilst the coal is being burnt. But as Gwede Mantashe has said, “Coal is phasing down, not phasing out” in South Africa, and therefore Zizwe will continue to mine coal. However, we will do it responsibly and in line with government guidelines.
We are still actively looking at mining opportunities in Africa, with Namibia and Botswana as our preferred territories.
The budget for 2023 and 2024 has been finalized, and I am happy to say that the future is looking bright. With this, I want to remind ourselves that we must never become complacent, and we must act in the best interest of the Company. This will ensure a sustainable future for all of us!
-Kobie Pruis, CEO