‘Green’ copper company wants stock exchange listing, with plans to raise R100m in capital

2022-01-25 10:29:00 PM

Big Tree Copper, which describes itself as a green copper processer, is targeting a listing on either the JSE or Cape Town Stock Exchange, with plans to raise more than R100m in capital when it comes to market.

Big Tree Copper, which describes itself as a green copper processer, is targeting a listing on either the JSE or Cape Town Stock Exchange, with plans to raise more than R100m in capital when it comes to market.

Big Tree Copper, which describes itself as a green copper processer, is targeting a listing on either the JSE or Cape Town Stock Exchange, with plans to raise more than R100m in capital when it comes to market.

The group also plans to give a 15% stake to the community and employees of the company, all of whom come from the surrounding community, with Nelson saying “there will be no strings attached” such as share lock-in periods, as it is “the right thing to do”.

While 90 people are employed from the community at the moment, they plan to increase this over time.“The community of Nababeep has about 5,500 people, of which about 70% are unemployed. Every morning when we stop at the gate of our plant there are 30 to 40 people looking for work. They stand there in their overalls and safety gear ready to work. That’s quite a desperate situation.

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9 hours ago The group also plans to give a 15% stake to the community and employees of the company, all of whom come from the surrounding community, with Nelson saying “there will be no strings attached” such as share lock-in periods, as it is “the right thing to do”.Subscribers can listen to this article Getty Images Typically, Januworry – that financially fraught period where household budgets are at breaking point – feels like it drags on for much longer than a month.As part of the deal, claimants will have to drop all current and future legal actions against the retailer.Premium 25 January 2022 - 05:00 I was in the back of a car, a courtesy ride offered by the company that services my own vehicle.

While 90 people are employed from the community at the moment, they plan to increase this over time. “The community of Nababeep has about 5,500 people, of which about 70% are unemployed. South Africans may struggle to shake off Januworry-type strains in coming months, as their incomes fail to keep up with rising costs. Every morning when we stop at the gate of our plant there are 30 to 40 people looking for work. "Our immediate attention will now be on implementation of the settlement and medium- and longer-term focus on step three of the restructuring plan. They stand there in their overalls and safety gear ready to work. You can cancel any time. That’s quite a desperate situation. The fellow in the front passenger seat replied: “Yes, this is the longest the world has been at peace [inaudible] since the Second World War.

We have employed about 90 people in six months and will employ more.  Step three of the plan, meanwhile, refers to restructuring the group to reduce debt and high financing costs. We only employ people from Nababeep. Jan Nelson, head of Big Tree Copper “We have employed about 90 people in six months and will employ more. We only employ people from Nababeep. Journalism strengthens democracy.” Nelson believes the group can make “good money” and “leave a legacy and change the town and people’s lives”..

“We are not about building swimming pools and hockey fields for people because what do I tell the knitting club if I give the soccer club money? We provide jobs and pay our people well and will give a certain percentage of the company to the community. Let them own part of the company.” Explaining the history of the company, Nelson said he, financial director Stephan du Plessis and chair Rupert Smith had “always wanted to form a company like this” and copper “piqued our interest”. He said there is a “copper supply crunch” globally, which will likely support the current high prices. Copper has a host of uses in construction, wiring, piping and electrical transmission lines. B Premium This article is reserved for our subscribers.

Add to this the “electric car revolution”, said Nelson, and demand is expected to continue increasing. “Each EV [electric vehicle] contains 85kg of copper and if you look at only 30% of the world going to EVs by 2040, we are going to need 42-million tons of copper annually. That’s roughly twice the current demand. There is no other metal that can substitute for copper.  The fundamentals are strong so that's why we are focused on copper.

” Nearly three years ago, the desire to start a copper company led them to the Northern Cape, which in its heyday, between the 1940s and 2000s, had produced more than 1.5-million tons of copper. .