CORPORATE OVERVIEW

Opal Mining (Pty) Ltd is a diversified mining company with interests in Vanadium, PGM’s and Coal.

Recently established, Opal Mining is 100% black owned with women, youth and black industrialists forming part of its broad based structure as a reflection of the broader social context.

Opal’s short term strategy is to acquire or invest in brown field assets, with its medium to long term view to develop and operate its own projects. The company seeks to drive meaningful and sustainable empowerment through the investment in development projects and operations.

The company is a new entrant into the mining industry, particularly in the context of government’s Black Industrialist programme whose mandate is to increase the participation of local black industrialists in strategic sector.

Mining, once the bedrock of the South African economy has seen significant disinvestment as mining companies move their primary listing overseas due to changes in domestic and international political and economic environment. Mining is currently regarded as the engine to industrialisation. The life cycle of the mining process, from exploration, infrastructure development, mine development and operation and the processing and treatment of commodities, and finally the refining process drives the manufacturing process.Mining is also a mechanism to tackle the priorities of the National Development of economic growth and employment, improving education, training and innovation, the development of an integrated and inclusive economy, and developing sustainable communities.

Despite the changing regulatory framework to attract new investors and participants into the sector, issues like access to capital, and opportunities for participation have led to a very small percentage of black participation in the industry.

The company is selective of the opportunities in which it participates, as its model seeks to drive real, meaningful and sustainable value, not only for Opal, but also its partners. Participation is therefore at a managerial and directorship level in all our investments to ensure the development of core skills required at both a mining and beneficiation level.

Opal is innovative in its approach, always seeking to be responsive, not only to the industry, but also to the provincial and national economy.

The company has a strong leadership base comprising of individuals from various sectors and disciplines with vast experience in their relevant fields of work. This experienced leadership team places Opal Mining at the forefront of B-BBEE compliant mining companies within the South African landscape.