Bauba positions itself for future growth
JOHANNESBURG (miningweekly.com) – Although it recorded a loss of R600 000 for the six months ended December 31, JSE-listed Bauba Platinum has successfully completed a number of milestones that will provide it with a strong platform to meet its growth ambitions in future.
In the six months to December, the company’s operating expenditure increased, but its administrative costs decreased.
“During the period under review, we saw our operating expenditure increase owing to the start of chrome mining operations at Moeijelijk, while administrative costs decreased owing to continued efforts to manage costs.
“The operating costs are, however, indicative of the fact that we have now successfully concluded the acquisition of our strategic chrome assets and we believe that the successful commencement of operations, together with strong cash flow prospects, will allow Bauba to take advantage of exciting growth opportunities going forward,” CEO Syd Caddy said in a statement.
Further, the receipt of the small-scale mining permit from the Department of Mineral Resources and the general authorisation for water use issued by the Department of Water and Sanitation, paved the way for a potential steady cash flow stream, which placed the group in a secure position to satisfy most of its financial requirements to advance its projects for the foreseeable future.
Meanwhile, Bauba’s headline earnings remained constant at R3.7-million in the six months under review, compared with that of the corresponding period in the previous year.
Cash on hand increased by R4.7-million, which positioned the company suitably in terms of funding its future growth projects.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
