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24-May-2017
(Official Notice)
As previously disclosed in more detail in paragraph 57 of the combined offer circular to Petmin shareholders posted on 3 April 2017, Petmin's subsidiary, Tendele Coal Mining (Pty) Ltd. ("Tendele"), is currently involved in legal proceedings with one of its former customers ("Customer") pertaining to disputes arising from a supply of discard agreement ("Contract").



On 14 September 2015 Tendele instituted proceedings in the High Court of South Africa, Gauteng Division, Pretoria ("High Court Action"), in terms of which it sought, amongst other things, declaratory relief to the effect that the contract is void or voidable, premised on the grounds of fraud, bribery and corruption.



Petmin announced on 3 December 2015 on SENS that it had withdrawn from the arbitration proceedings relating to the disputes arising from the contract as a result of information that had come to Tendele's and the company's attention during the course of the arbitration proceedings. Notwithstanding Tendele's withdrawal from the arbitration proceedings and the institution of the High Court Action, the arbitration proceedings continued to finality at the insistence of the Customer on an uncontested basis and the arbitrator delivered an adverse award against Tendele. The Customer was notified that Tendele would oppose any attempt to have the arbitration award made an order of Court.



On 4 February 2016 Tendele was notified that the Customer had applied to the High Court of South Africa, Gauteng Local Division, Johannesburg to make the arbitration award an order of the Court ("Enforcement Application"). Tendele opposed the Enforcement Application and brought a counter application for an order declaring that the contract is void or voidable and to consolidate all the litigation in the High Court of South Africa, Gauteng Division, Pretoria.



On 17 May 2017 Tendele received a notice from the customer in which the customer withdrew its Enforcement Application and tendered Tendele's costs on a party to party scale.



Tendele's remaining litigation, including the High Court Action continues.

23-May-2017
(Official Notice)
09-May-2017
(Official Notice)
06-Apr-2017
(Official Notice)
At the annual general meeting (?AGM?) of the shareholders of the Petmin held on Thursday, 6 April 2017 at which 49.13% of Petmin?s shareholders, representing 260 713 819 out of 530 615 207 issued shares were present in person or by representation, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Voting was conducted by a poll, which takes into account the number of shares cast for each resolution.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.



03-Apr-2017
(Official Notice)
03-Mar-2017
(Official Notice)
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the joint firm intention announcement published by Petmin, Bidco and Capitalworks on SENS on 19 December 2016 ("Firm Intention Announcement").



Shareholders are referred to the Firm Intention Announcement and the subsequent announcements pertaining to the Offer, published on SENS on:

*29 December 2016, relating to further irrevocable support for the Offer ("Update Announcement");

*20 February 2017, relating to the extension of the posting date of the Circular, accompanied by the Prospectus; and

*23 February 2017, relating to the revised pro forma financial effects of the Offer.



Further support for the offer

Shareholders were advised in the Update Announcement that further Irrevocables had been obtained, such that support for the Offer in the form of Irrevocables represented 46.47% of the Offer Shares.



Shareholders are advised that, since the Update Announcement, further Irrevocables and non-binding letters of support ("Letters of Support") in respect of the Offer have been obtained.



As at the date of this announcement, the total Shareholder support for the Offer represents 56.70% of the Offer Shares, comprising:

*49.87% of the Offer Shares in the form of Irrevocables; and

*6.83% of the Offer Shares in the form of Letters of Support.



Competition Commission approval

In the Firm Intention Announcement Shareholders were informed that the implementation of the Scheme and the Standby Offer are conditional upon the receipt of the Regulatory Consents. These Regulatory Consents include the approval of the South African Competition Authorities.



Shareholders are advised that, since the Firm Intention Announcement, the Competition Commission has unconditionally approved the Transaction. Details of the remaining Scheme Conditions and Standby Offer Conditions will be set out in the Circular, accompanied by the Prospectus, which will be posted to Shareholders on or about 3 April 2017.





23-Feb-2017
(Official Notice)
23-Feb-2017
(C)
20-Feb-2017
(Official Notice)
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the joint firm intention announcement published by Petmin, Capitalworks and Bidco (?Parties?) on SENS on 19 December 2016 (?Announcement?).



Shareholders are referred to the Announcement, whereby Shareholders were advised that the Circular, accompanied by the Prospectus (collectively, the ?Offer Documents?), were expected to be posted to Shareholders on or about 20 February 2017. Due to certain events and circumstances which are outside of the control of the Parties, the Parties requested an extension to the posting date of the Offer Documents (?Posting Date?), from the TRP.



Shareholders are hereby advised that the TRP has granted an extension to the Posting Date. In terms of the extension granted, the Offer Documents will be posted to Shareholders by 3 April 2017. Further information including, inter alia, salient dates and times pertaining to the Offer will be published on SENS and in the South African press on or about the posting date of the Offer Documents.
20-Feb-2017
(Official Notice)
Shareholders are advised that Petmin?s basic earnings per share for the six months ended 31 December 2016 is expected to be approximately 8.3 cents per share, a 216% increase from the loss of 7.15 cents per share for the six months ended 31 December 2015. The loss for the six months ended 31 December 2015 was due to the impairment of the investment in the Veremo project of R115 million.



Headline earnings per share for the six months ended 31 December 2016 is expected to be 8.3 cents per share, down 42% from the 14.32 cents for the six months ended 31 December 2015. Headline earnings per share was impacted by a 27% reduction in the average Rand prices achieved on the export market compared to 2015. This reduction was in line with the reduction in international coal prices which saw the API4 benchmark reach USD50 per tonne during the six months ended 31 December 2016.



Production costs per tonne increased by 16% compared to 2015 as a result of illegal activities of a few individuals that prevented access to the KwaQubuka mining area, resulting in a court interdict being obtained against the individuals. This stoppage was despite Somkhele having all the required regulatory approvals to commence mining. A decision was made to delay accessing the new mining area in favour of dealing with the community which remains supportive of the mine. The delay necessitated the mining of additional tonnages from deeper, more expensive mining pits. A roadmap agreement for the future sustainable development of Somkhele was concluded with the various community interest groups (including the Traditional Council, the Nkosi, indunas and the Mtubatuba Municipality) and mining has now commenced in KwaQubuka.



The Company's interim results for the six months ended 31 December 2016 are expected to be published on SENS on 23 February 2017. An update on the status of the offer to acquire all or a portion of Petmin?s issued share capital will be provided separately.



Investors, analysts and media are invited to join a 10h00 call with Petmin management on Thursday 23 February 2017 following the release of Petmin?s interim results for the six months ended 31 December 2016.
29-Dec-2016
(Official Notice)
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the joint firm intention announcement published by Petmin, Bidco and Capitalworks on SENS on 19 December 2016 (?Announcement?).



Following the Announcement, Shareholders are advised that further Irrevocables have been obtained, whereby the total irrevocable support for the Offer now represents 46.47% of the Offer Shares.
19-Dec-2016
(Official Notice)
15-Dec-2016
(Official Notice)
Shareholders are advised that the annual general meeting of the company will be held at 10:00 at Petmin's offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Thursday 6 April 2017, the notice of which will be posted to shareholders on Monday, 19 December 2016, and is also available on the company website at www.petmin.co.za.



The record date as amended, for shareholders to be recorded in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting, is Friday, 31 March 2017



The annual financial statements contain no modifications to the condensed consolidated preliminary financial statements for the year ended 30 June 2016 as published on SENS on Monday, 05 September 2016.



The annual financial statements were audited by KPMG Inc. and their audit report is available for inspection at Petmin's registered office.



Shareholders are advised that Petmin published its integrated report and annual financial statements for the year ended 30 June 2016 today and are available on the company's website www.petmin.co.za.



09-Dec-2016
(Official Notice)
Shareholders are advised that the quarterly update published on SENS on 6 December 2016 had an error with regards to costs per tonne, in that it referred to costs per tonne being in line with FY15 and should have read FY16.
06-Dec-2016
(Official Notice)
01-Nov-2016
(Official Notice)
Further to the cautionary announcement dated 24 June 2016, and the renewal thereof on 8 August 2016 and 20 September. Shareholders are advised that negotiations are still in progress, which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a full announcement is made.

20-Sep-2016
(Official Notice)
Further to the cautionary announcement dated 24 June 2016, and the renewal thereof on 8 August 2016. Shareholders are advised that negotiations are still in progress, which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.



05-Sep-2016
(C)
05-Sep-2016
(Official Notice)
Notice is hereby given that the directors have declared a final gross dividend of 5.00 South African cents per ordinary share, payable out of income for the year ended 30 June 2016



*Local dividend withholding tax (?DWT?) rate: 15%

*Net local dividend after DWT per ordinary share: 4.25 cents

*Total number of ordinary shares in issue as at date of declaration: 576,908,188



In accordance with the settlement procedures of Strate, the following salient dates will apply:

*Last day to trade cum-dividend: Tuesday, 18 October 2016

*Shares commence trading ex-dividend: Wednesday, 19 October 2016

*Record date: Friday, 21 October 2016

*Dividend payment date: Monday, 24 October 2016



Share certificates may not be dematerialised or rematerialised between Wednesday, 19 October 2016 and Friday, 21 October 2016, both dates inclusive. On Monday, 24 October 2016 the cash dividend will be electronically transferred to the bank accounts of all certificated shareholders where this facility is available. Where electronic fund transfer is not available or desired, cheques dated 24 October 2016 will be posted on or about that date. Dematerialised shareholders accounts with their Central Securities Depository Participant (CSDP) or broker will be credited on Monday, 24 October 2016.



01-Sep-2016
(Official Notice)
Shareholders are advised that following a solid operational performance at its Somkhele anthracite mine, Petmin's headline earnings for the year ended 30 June 2016 are expected to decrease by approximately 3% to approximately 23.7 cents per share (2015: 24.28 cents).



Earnings per share for the year ended 30 June 2016 is expected to reduce by approximately 91% to approximately 2 cents per share compared to the earnings per share of 22.98 cents for the year ended 30 June 2015. The reduction in earnings per share is as a result of the decision taken in December 2015 to fully impair the investment in the Veremo project of R115 million due to the lack of acceptable progress in discussions with the majority shareholders of Veremo on how best to take the Veremo project forward. This impairment has no impact on cash.



This trading statement and SENS announcement has not been reviewed or audited by the company's auditors.



The company's preliminary results for the year ended 30 June 2016 are expected to be published on SENS on 5 September 2016.



08-Aug-2016
(Official Notice)
Further to the cautionary announcement dated 24 June 2016 Shareholders are advised that negotiations are still in progress, which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a full announcement is made.
24-Jun-2016
(Official Notice)
Shareholders are advised that Petmin has entered into negotiations, which if successfully concluded may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
21-Apr-2016
(Official Notice)
08-Mar-2016
(Official Notice)
Shareholders are advised that it has come to the management's attention that the press release released yesterday by the company contains a typing error, in that the tonnes produced and sold as outlined in bold below were reported as "m" tonnes instead of "k" tonnes.



Somkhele anthracite mine in KwaZulu-Natal

Somkhele reported a 6% reduction in tonnes produced of saleable anthracite to 637k tonnes (2014: 678k tonnes), with a 6% drop to 621k tonnes sold (2014: 660k). The reduced production was due to geological conditions in the mining areas which affected the quality and sizing of run-of-mine material. Production and sales during the period remain above the benchmark 1.2 million tonnes metallurgical anthracite capacity of Somkhele.



Somkhele also produces an energy coal from discard. Tonnes produced in the six months to end- December 2015 were down 8% to 157k tonnes (2014: 171k) and sales down 12% to 237k (2014: 269k).



The company wishes to apologise for any confusion this may have caused.

07-Mar-2016
(Official Notice)
Shareholders are advised that an updated investor presentation, which includes new detail pertaining to Petmin's NAIC project, is available on the Petmin corporate website at www.petmin.co.za following the release today of the interim financial results for the six months ended 31 December 2015.
07-Mar-2016
(Official Notice)
07-Mar-2016
(C)
03-Mar-2016
(Official Notice)
Shareholders are advised that following a solid operational performance at its Somkhele anthracite mine, Petmin?s headline earnings for the six months ended 31 December 2015 are expected to increase by approximately 70% to approximately 14 cents per share (2014: 8.4 cents).



Earnings per share (after impairments) for the six months ended 31 December 2015 is expected to be a loss of approximately 7 cents per share compared to the earnings per share of 8.40 cents for the six months ended 31 December 2014. The loss for the six months ended 31 December 2015 is as a result of the decision taken to fully impair the investment in the Veremo project of R115 million due to the lack of acceptable progress in discussions with the majority shareholders of Veremo on how best to take the Veremo project forward and the ongoing litigation relating to the guaranteed payment of R195 million due to Petmin. Notwithstanding the impairment, Petmin is continuing with the arbitration to recover the monies due.



This trading statement and SENS announcement has not been reviewed or audited by the company`s auditors.



The company's interim results for the six months ended 31 December 2015 are expected to be published on SENS on 7 March 2016.



Investors, analysts and media are invited to join a 10h00 call with Petmin management on Monday 7 March 2016 following the release of Petmin financial results for the six months ended 31 December 2015.



Dial in details for Petmin results call

10h00 Monday 7 March 2015

Country and Access Number

*South Africa - Cape Town -- 021 819 0900

*South Africa - Durban -- 031 812 7600

*South Africa - Johannesburg Neotel -- 011 535 3600

*South Africa - Johannesburg Telkom -- 010 201 6800

*UK - Toll-Free -- 0808 162 4061

*USA and Canada - Toll Free -- 1 855 481 5362

*Australia - Toll-Free -- 1 800 350 100

*Other Countries - International -- +27 11 305 2030

*Other Countries - International -- +27 10 201 6800



Playback Access Numbers (code 45555#)

Country and Access Number

*Other Countries - International -- +27 11 305 2030

*South Africa -- 011 305 2030

*UK - Toll Free -- 0808 234 6771

*USA and Canada - Toll Free -- 1 855 481 5363
15-Feb-2016
(Official Notice)
At the annual general meeting ('AGM') of the shareholders of the Petmin held on Monday, 15 February 2016 at which 46.56% of Petmin's shareholders, representing 248 065 800 out of 532 805 058 issued shares were present in person or by representation, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. Ordinary resolution numbers 5 and 10 and special resolution number 3 were withdrawn.
15-Jan-2016
(Official Notice)
Shareholders are advised that the Annual General Meeting of the company will be held at 10:00 at Petmin's offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Monday, 15 February 2016, the notice of which has been posted to shareholders today and is also available on the Company website at www.petmin.co.za.



The record date in terms of section 59 of the Companies Act, 71 of 2008, as amended (the "Act"), for shareholders to be recorded in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting, is Friday, 05 February 2016



03-Dec-2015
(Official Notice)
19-Nov-2015
(Official Notice)
10-Nov-2015
(Official Notice)
The board announced that a general meeting of the shareholders of Petmin was held on 9 November to approve the BEE transaction, as published on SENS on 10 June 2015. 65% of Petmin's shareholders, representing 345 330 006 out of 533 581 694 issued shares that could be exercised at the meeting, were present in person or by representation. All the resolutions proposed at the meeting were approved by the requisite majority of votes.



All material conditions precedent to the BEE transaction have now been fulfilled, and Petmin will now implement the transaction that will result in 20% of the equity in Tendele Coal Mining Company (Pty) Ltd ("Tendele") being held for the benefit of the children of the Mpukunyoni Community and the employees of Tendele.



The special resolution will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
05-Nov-2015
(Official Notice)
No change statement and publication of Integrated Report and Annual Financial Statements



Shareholders are advised that the Integrated Report and Annual Financial Statements for the year ended 30 June 2015 are available on the Company's website www.petmin.co.za



The Annual Financial Statements contain no modifications to the audited results as published on SENS on 08 September 2015.
07-Oct-2015
(Official Notice)
Petmin shareholders ("Shareholders") are referred to the announcement released by Petmin on SENS dated 10 June 2015, relating to the broad based black economic empowerment transaction concluded by Petmin ("the Proposed Transaction").



Shareholders are hereby advised that a circular containing, inter alia, details of the Proposed Transaction, a notice of general meeting of Shareholders ("General Meeting"), and forms of proxy have been posted to Shareholders on Tuesday, 6 October 2015 and is available on Petmin's website at www.petmin.co.za (the "Circular").



The purpose of the Circular is to; provide Shareholders with detailed information regarding the Proposed Transaction, the manner in which it will be implemented and convene a General Meeting to consider and, if deemed fit, approve with or without modification, the resolutions relating to the Proposed Transaction as set out in the notice of general meeting incorporated in the Circular.



Notice of General Meeting

The general meeting of Shareholders will be held at 37 Peter Place, Bryanston, Johannesburg, on Monday, 9 November 2015 commencing at 10h00, for the purpose of considering and, if deemed fit, passing, with or without modification, the resolutions set forth in the notice of general meeting incorporated in the Circular.



Important dates and times

*Last day to trade in order to be eligible to vote at the general meeting on - Friday, 23 October

*Record date in order to be eligible to vote at the general meeting on - Friday, 30 October

*Last day for receipt of forms of proxy for the general meeting by the Transfer secretaries, by 10H00 on - Friday, 6 November

*General meeting to be held at 10H00 at 37 Peter Place, Bryanston, Johannesburg on - Monday, 9 November

*Results of general meeting announced on SENS on - Tuesday, 10 November



Notes:

*The above important dates and times are subject to change. Any changes will be released on SENS and published in the press.

*All times are local times in South Africa.
08-Sep-2015
(C)
08-Sep-2015
(Official Notice)
The directors have declared a final gross dividend of 5.00 South African cents per ordinary share, payable out of income for the year ended 30 June 2015:

* Local dividend withholding tax (?DWT?) rate : 15%

* Net local dividend after DWT per ordinary share : 4.25 cents

* Total number of ordinary shares in issue as at date of declaration : 576 908 188

* Company income tax reference number : 057/081/84/7P



In accordance with the settlement procedures of Strate, the following salient dates will apply:

* Last day to trade cum-dividend : Friday, 9 October 2015

* Shares commence trading ex-dividend : Monday, 12 October 2015

* Record date : Friday 16 October 2015

* Dividend payment date : Monday 19 October 2015



Share certificates may not be dematerialised or rematerialised between Monday, 12 October 2015 and Friday, 16 October 2015, both dates inclusive. On Monday, 19 October 2015 the cash dividend will be electronically transferred to the bank accounts of all certificated shareholders where this facility is available. Where electronic fund transfer is not available or desired, cheques dated 19 October 2015 will be posted on or about that date. Dematerialised shareholders accounts with their Central Securities Depository Participant (CSDP) or broker will be credited on Monday, 19 October 2015.
08-Sep-2015
(Official Notice)
The Company announced that Mrs Lebo Mogotsi, the current executive Deputy Chairperson of Petmin, will assume the role of non-executive deputy Chairperson with effect from the Company?s annual general meeting (?AGM?) to be convened later this year. Although Mrs Mogotsi will no longer be employed as an executive member of the Company following the conclusion of the AGM, the Board of Petmin advised that Mrs Mogotsi will remain on the Board, will be available on a consulting basis to Petmin, and will continue to be integral to the on-going strategy, development and growth of the Company.
04-Sep-2015
(Official Notice)
Shareholders are advised that following a solid operational performance at its Somkhele anthracite mine, Petmin's headline earnings for the year ended 30 June 2015 are expected to increase by approximately 60% to approximately 24 cents per share (2014: 14.95 cents). Despite a flat pricing environment, the strong operational performance is attributed to increased production and sales volumes, improved plant yields and effective cost management.



Earnings per share for the year ended 30 June 2015 is expected to be approximately 23 cents per share compared to the loss per share of 20.70 cents for the year ended 30 June 2014. The loss for the year ended 30 June 2014 was as a result of the impairment of the investment in Veremo of R181 million and the impairment of Iron Bird of R19 million. (These impairment losses were non-cash items).



The Company's annual results for the year ended 30 June 2015 are expected to be published on SENS on or about 8 September 2015.
06-Aug-2015
(Official Notice)
Petmin announced that its subsidiary, Tendele Coal Mining (Pty) Ltd. ("Tendele"), has successfully concluded wage negotiations with the majority unions at its Somkhele Anthracite Mine.



A two-year wage agreement, effective from 1 July 2015, has been concluded with both AMCU and NUM and a three year agreement has been concluded with Solidarity. Under the terms of the AMCU and NUM, a two year agreement has been reached, with a basic wage increase of 7.5% for 2015/2016 with a further increase of 7.5% for 2016/2017. This agreement also improves medical benefits, housing allowance and other benefits for eligible employees from 1 July 2015, which together with the basic wage increase, results in an increase in Total Cost to Company ("TCTC") of 8.6% for 2015/16 and 6.5% for 2016/17.



The parties previously reached a deadlock at the CCMA and both Unions and Management opted for private mediation to break the deadlock.



In addition to the agreement reached with both AMCU and NUM, a three-year wage agreement was agreed for miners, artisans and officials, represented by Solidarity. Under the terms of the three-year agreement, employees will receive a 6% increase in TCTC for 2015/2016, a 6.5% increase in TCTC for 2016/2017 and a 7% increase in TCTC for 2017/2018.



Petmin recently announced a R350m Black Economic Empowerment (BEE) ownership scheme that will benefit the children of the approximately 175,000 people working for, and living around its Somkhele Anthracite Mine in KwaZulu-Natal. This deal gives workers and communities around Somkhele a 20% stake in Tendele. The mine produces about 1.2-million tonnes a year of premium priced anthracite for ferroalloy smelting, and about 350,000 tonnes of low-volatile energy coal from discards for export. The BEE deal requires shareholder approval and a Category 1 Circular to shareholders are in the process of being finalized.
10-Jun-2015
(Official Notice)
25-May-2015
(Official Notice)
At the annual general meeting ('AGM') of the shareholders of Petmin held on Friday, 22 May 2015 at which 67.11% of Petmin's shareholders, representing 367,787,978 out of 548,065,694 issued shares were present in person or by representation, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
21-May-2015
(Official Notice)
Shareholders are advised, that Petmin's subsidiary Tendele Coal Mining (Pty) Ltd., has withdrawn from the arbitration with its customer, as described in Note 13 of Petmin's December 2014 Interim Financial Statements published on SENS on Tuesday 24 February 2015 and will now seek declaratory relief from the High Court that the contract concerned is void.



This course of action has been taken due to information recently coming to Tendele's and Petmin's attention during the course of the arbitration proceedings which is being considered and dealt with by Petmin. This announcement is not related to the cautionary notice published by Petmin on SENS on Monday 18 May 2015 which remains in effect
18-May-2015
(Official Notice)
Shareholders are advised that Petmin has entered into negotiations, which if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is made.
29-Apr-2015
(Official Notice)
Shareholders are advised that the Annual General Meeting of the Company will be held at 10:00 at Petmin's offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Friday, 22 May 2015, the notice of which has been posted to shareholders today and is also available on the Company website at www.petmin.co.za.



The record date in terms of section 59 of the Companies Act, 71 of 2008, as amended (the "Act"), for shareholders to be recorded in the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting, is Friday, 15 May 2015

28-Apr-2015
(Official Notice)
26-Feb-2015
(Official Notice)
Shareholders are advised that as at close of business on 25 February 2015, Petmin's 5% share repurchase programme as approved by shareholders at the last AGM has exceeded 3% of the total issued share capital. Shareholders are further advised that Petmin's repurchase authority remains at 5% of the issued share capital and that there remains 1,96% (being 11 304 718 shares) available of such authority of the repurchase programme.



Petmin has to date utilised excess cash available from its operations to repurchase securities and the board have confirmed that all the solvency, liquidity and Listings Requirements pertaining to this authority are still in place and valid. The financial effects of the above transaction have an insignificant effect on the interim consolidated financial results as reported on Tuesday, 24 February 2015 and which are available on the Company's website at www.petmin.co.za. Petmin now holds 17 540 691 shares in treasury, representing 3,04% of its issued share capital which is currently 559 367 497 excluding the treasury shares.

24-Feb-2015
(Official Notice)
24-Feb-2015
(C)
Revenue shot up to R693.9 million (R355.9 million). Gross profit decreased slightly to R97.1 million (R101 million) while operating profit increased to R87.2 million (R76.5 million). Net attributable profit increased to R47.2 million (R32.8 million). Headline earnings per share rose to 8.40cps (6.71cps).



Prospects

Anthracite division

Production and sales volumes of both anthracite and energy coal are expected to be maintained at current levels for the six months ending 30 June 2015. Confirmed orders have been received for 94% of anticipated anthracite production to June 2015. Anticipated energy coal production is fully committed to confirmed orders. Petmin expects that local supply constraints and the continued effects of the Eastern European crisis to have a positive effect on our market, with demand and pricing becoming more favourable for all of Somkhele's products. Petmin continued efforts to refine the product mix and find new markets with our trading partners are also expected to enhance overall performance. Capital expenditure to June 2015 is expected to be approximately R38 million with no additional capital pre-stripping forecast to June 2015. Petmin will continue to evaluate how best to permanently protect the interests of shareholders by facilitating empowerment at both the asset and the corporate level in Petmin and Tendele, the final proposal in respect of which will be communicated with shareholders in due course.



Expansion projects division

In the period to June 2015, Petmin expects to invest a further USD5 million to take its shareholding in NAIC to 40%. It remains the intention of NAIC's shareholders to list NAIC and then to unbundle their interests in NAIC to shareholders, given the investment's fundamentally different risk profile and investment offering compared to Somkhele. In Petmin's case, the anticipated unbundling is expected to result in a dividend in-specie of approximately R0.50 per Petmin share. Additional details on Petmin, including a detailed presentation on the results (which will be available from 24 February 2015) can be found on our website www.petmin.co.za.
19-Feb-2015
(Official Notice)
In terms of the Listings Requirements of JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results of the previous corresponding period.



Shareholders are advised that Petmin expects basic earnings per share (EPS) for the six month period ended 31 December 2014 to be between 8.35 cents and 8.45 cents (2013: 5.68 cents), an increase of between 47% and 49% compared to the results reported in the previous corresponding period. Headline earnings per share (HEPS) for the six month period ended 31 December 2014 are expected to be between 8.35 cents and 8.45 cents (2013: 6.71 cents), an increase of 24% to 26% compared to the results reported in the previous corresponding period.



This trading statement and SENS announcement has not been reviewed or audited by the Company's auditors.



The Company's interim results for the six months ended 31 December 2014 are expected to be published on SENS on or about 24 February 2015.
09-Dec-2014
(Official Notice)
Shareholders are advised that the Integrated Report which includes the detailed Annual Financial Statements for the year ended 30 June 2014 is available on the company?s website www.petmin.co.za The Annual Financial Statements contain no modifications to the reviewed results as published on SENS on 11 September 2014.
10-Nov-2014
(Official Notice)
11-Sep-2014
(Official Notice)
Notice is hereby given that the directors have declared a final gross dividend of 3.00 South African cents per ordinary share, payable out of income for the year ended 30 June 2014 3



*Local dividend withholding tax ("DWT") rate - 15%

*Secondary Tax on Companies (STC) credits available for set-off - none

*Net local dividend after DWT per ordinary share - 2.55 cents

*Total number of ordinary shares in issue - 576,908,188

*Company income tax reference number - 057/081/84/7P



In accordance with the settlement procedures of Strate, the following salient dates will apply:

*Last day to trade cum-dividend - Friday, 14 November 2014

*Shares commence trading ex-dividend - Monday, 17 November 2014

*Record date - Friday 21 November 2014

*Dividend payment date - Monday 24 November 2014

11-Sep-2014
(C)
Revenue for the year jumped to R1 billion (R833.5 million) and gross profit was higher at R195 million (R167.6 million). Results from operating activities rose to R159.9 million (R144.6 million). Loss for the year was R119.4 million (loss of R112 million). Furthermore, headline earnings per share lowered to 14.95cps (15.25cps).



Dividend

Notice is hereby given that the directors have declared a final gross dividend of 3.00 South African cents per ordinary share, payable out of income for the year ended 30 June 2014



Prospects

Anthracite division

Current anthracite production and sales levels are expected to be maintained in the year ahead, while cost reduction and mine optimisation studies remain a key focus for management. Local demand and prices are expected to remain stable. Prices for our various export products are expected to be in the range of $65 to $85 per tonne in this period as international prices remain under pressure. Energy coal sales are expected to increase to approximately 400 000 tonnes per annum with prices remaining stable and forecast to improve marginally towards the end of the reporting period. Capital expenditure to June 2015 is expected to be approximately R91 million with no additional capital pre-stripping forecast to June 2015.



Expansion projects division

Petmin intends to invest a further US$6 million to take its shareholding in NAIC to 40%. The proposed unbundling of Petmin's interest in NAIC to shareholders is expected to be completed before 30 June 2015. Petmin continues to investigate opportunities that meet its investment criteria with the aim to create value and to deliver superior returns to stakeholders. Additional details on Petmin, including a detailed presentation on the results (which will be available from 11 September 2014) can be found on our website www.petmin.co.za.
02-Sep-2014
(Official Notice)
In terms of the Listings Requirements of JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results of the previous corresponding period. Although the Petmin results may be within the reporting limits set by the JSE Listings Requirements, the board deems it prudent to update shareholders and bring the following to their attention.



Shareholders are advised that following a strong operational performance at Somkhele, with revenue in excess of R1 billion for the first time and anthracite production exceeding 1 million tonnes, Petmin's headline earnings are expected to be maintained at approximately 15 cents per share (2013: 15.25 cents) and normalised earnings (see table below) are expected to increase by 24% from 2013.



Headline earnings will include a mark to market loss of R14 million (2013: profit of R6 million) on Petmin's investment in Red Crescent Resources (RCR).



The loss per share for the year ended 30 June 2014 is expected to increase by 7% to 20.70 cents (2013: 19.42 cents). The loss for the year ended 30 June 2014 was as a result of the impairment of the investment in Veremo of R181 million (2013:R200 million) and the impairment of Iron Bird of R19 million (2013: nil). (These impairment losses are non-cash items).



Despite softer export pricing, Somekele operated at full capacity during the second half of the year and has firm sales for all products to June 2015 and beyond. Somkhele also achieved a remarkable Lost Time Injury Frequency Rate of zero. The development of NAIC remains firmly on track as does the process leading up to the listing of NAIC and the unbundling of Petmin's shareholding in NAIC to shareholders. Petmin continues to seek ways to optimise value in Veremo and is pursuing its claim for the dividend of ZAR 130 m now due and payable. This trading statement and SENS announcement has not been reviewed or audited by the Company`s auditors.



The Company's annual results for the year ended 30 June 2014 are expected to be published on SENS on or about 11 September 2014.



11-Jun-2014
(Official Notice)
Shareholders were referred to the cautionary announcement dated 9 June 2014, and caution is no longer required to be exercised by shareholders when dealing in their securities.
11-Jun-2014
(Official Notice)
09-Jun-2014
(Official Notice)
Shareholders are advised that Petmin has entered into negotiations, which if successfully concluded may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
04-Mar-2014
(Official Notice)
Shareholders are referred to the cautionary announcements dated 9 September 2013, 30 September 2013, 12 November 2013, 23 December 2013 and 6 February 2014 and are advised that the contents referred to therein have ceased to have any relevance or effect on the company, therefore caution is no longer required to be exercised by shareholders when dealing in their securities.
04-Mar-2014
(Official Notice)
Petmin profit and production up despite operational challenges and weak export market Petmin stake increased to 30% in North Atlantic Iron Corporation (NAIC)



Financial highlights (six months to end-December 2013)

*Normalised earnings up 40% from R32m to R45m

*Profit after tax up 9% to R33m (2012: R30m)

*Headline earnings per share up 29% from 5.22 cents to 6.71 cents

*R40m investment in international diversification

*R18m investment in domestic growth



Operational highlights (six months to end-December 2013)

*86% increase in metallurgical anthracite production to 534,523 tonnes (2012: 287,765 tonnes)

*Anthracite sales down 6% at 349,414 tonnes (2012: 370,562 tonnes)

*Ex-mine gate cost per tonne decreased from R770/t to R697/t (a 9% improvement)

*Production of 110,349 tonnes of Somkhele energy product from third wash plant (2012: zero) and sales of 25,777 tonnes (2012: zero)

*Mining right granted for Veremo pig iron project

*NAIC Preliminary Economic Assessment (PEA) due end-March 2014



Petmin has reported headline earnings per share up 29% for the six months ended 31 December 2013, despite operational and labour challenges and price pressures in a difficult market. Normalised earnings were up 40%. Net cash flow from operating activities was up 129% at R279m (2012: R122m).



Production of saleable anthracite at Somkhele mine in KwaZulu-Natal was up 86% from the comparable six months in 2012 despite a prolonged strike, the impact of which was minimised by Petmin?s stockpile strategy. Production volumes at Somkhele are expected to improve by at least 20% in the six months to 30 June 2014.



Following extensive exploration, an independent SRK SAMREC and SAMVAL- compliant reserves and resources statement valued Somkhele at R1.64 billion at 1 December 2013 (as reported on SENS on 3 March 2014). During the six months under review, Petmin increased its stake in the North Atlantic Iron Corporation (NAIC) to 30%. NAIC is a North American iron sands to pig iron industrial venture with a Preliminary Economic Assessment (PEA) due to be published by end-March 2014.



As reported in Petmin?s interim results, during the six months ended 31 December 2013 Petmin invested a further R40 million in NAIC, taking the carrying value of Petmin?s investment in NAIC to date to R189m at 31 December 2013.



04-Mar-2014
(C)
Revenue decreased to R355.9 million (R357.6 million). Gross profit increased to R101 million (R64.7 million) and operating profit increased to R76.5 million (R54.2 million). Net attributable profit increased to R32.8 million (R30.1 million). Headline earnings per share rose to 6.71cps (5.22cps).



Prospects

Anthracite division

After the strike in the first-half, production volumes at Somkhele are expected to improve by at least 20% in the six months to June 2014. Sales volumes in the inland market have improved since December 2013 and are expected to improve by at least 20% in the six months to June 2014. Export sales volumes are expected to more than double in the six months to June 2014, however, prices on the export market are expected to remain under pressure, in line with global trends. Energy coal sales in the six months to June 2014 are expected to increase to approximately 200 000 tonnes as agreements are signed with new energy coal customers. Capital expenditure to June 2014 is expected to be approximately R26 million with no additional capital pre-stripping forecast to June 2014. NAIC The PEA for NAIC is expected to be published at the end of March 2014 where after Petmin expects to invest up to a further USD8 million to take its shareholding in NAIC to 40%. Petmin is considering the separate listing of NAIC on the TSX and JSE and a possible unbundling to shareholders thereafter. Additional details on Petmin, including a detailed presentation on the results (which will be available from 4 March 2014) can be found on our website www.petmin.co.za.
03-Mar-2014
(Official Notice)
SRK Consulting (South Africa) (Pty) Ltd. (SRK) has completed a Competent Person Report (CPR) of Petmin's Somkhele Anthracite Mine which includes a review of Resources and Reserves as per the SAMREC Code and a SAMVAL valuation.



The SAMVAL evaluation for Somkhele indicated a fair value of R1 639 million and is based on a LoM of 14 years. Somkhele is in the process of finalizing further exploration and mine design work in order to include the resources that are currently not included in the RoM reserves noted below. Management estimates the inclusion of these areas could further extend the life of the operation to 19 years.
03-Mar-2014
(Official Notice)
03-Mar-2014
(Official Notice)
The board of Petmin (the board) wishes to announce that Non-Executive Director, Mr. Alwyn Martin (75) has notified the board that he will be retiring as a Non-Executive Director with effect from close of business 3 March 2014.
24-Feb-2014
(Official Notice)
Shareholders are advised that Petmin expects headline earnings per share for the six month period ended 31 December 2013 to increase by between 27% and 30% and basic earnings per share for the six month period ended 31 December 2013 to increase by between 7% and 10%, compared to the results reported in the previous corresponding period. The company's interim results for the six months ended 31 December 2013 are expected to be published on SENS on or about 4 March 2014.
24-Feb-2014
(Official Notice)
At the general meeting held on Friday, 21 February 2014, at which some 73.59% of Petmin's shareholders were present in person or by representation, all the ordinary resolutions and the special resolutions as set out in the notice of the annual general meeting to shareholders, were approved by the requisite majority of shareholders. The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission in due course.
06-Feb-2014
(Official Notice)
Further to the cautionary announcements dated 9 September 2013, 30 September 2013 12 November 2013 and 23 December 2013, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company`s securities until a further announcement is made.
23-Dec-2013
(Official Notice)
Further to the cautionary announcements dated 9 September 2013, 30 September 2013 and 12 November 2013, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
03-Dec-2013
(Official Notice)
Shareholders are advised that the Annual Integrated Report, which includes the Annual Financial Statements of the company for the year ended 30 June 2013 will be published on the company's website www.petmin.co.za on Tuesday, 3 December 2013 and contains no modifications to the Reviewed Results as posted to shareholders and published on SENS on 30 September 2013.



Notice of annual general meeting

Notice for the annual general meeting of the company to be held at 10h00 South African time at Petmin's Offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Friday, 21 February 2013 has been posted to shareholders on 3 December 2013.
12-Nov-2013
(Official Notice)
25-Oct-2013
(Official Notice)
Shareholders are advised that an agreement has been reached to end industrial action at Petmin's Somkhele anthracite mine in KwaZulu-Natal. Negotiations with union representatives resulted in a two year settlement, which was agreed by workers on Thursday 24 October. Workers will be returning to work on Monday, 28 October, and mining and processing activities will return to normal.



The strike lasted 37 days and had a limited impact on production at Somkhele. During the industrial action, volunteer workers kept Somkhele's three wash plants running and shipments of product continued to both domestic and export customers. Under the terms of a two-year agreement, a wage increase of 8% was agreed for 2013/14 for Somkhele's lowest-paid workers, with a further 7.5% increase for 2014/15. Other pay grades received negotiated increases of 5.5% to 7%. It was further agreed to create forums in order to improve performance and productivity.
17-Oct-2013
(Official Notice)
Shareholders are advised that industrial action has continued at Petmin's Somkhele anthracite mine in KwaZulu-Natal.



Mining and processing operations has been maintained with the assistance of volunteers, and production has not been significantly affected. All three wash plants at Somkhele remain operational and the mine continues to transport stockpiled product to inland customers and to Richard's Bay for export.



Petmin and its wholly-owned mine operator Tendele Coal Mining remain committed to a negotiated settlement to the strike.



Updates on the industrial action at Somkhele will be released on the Securities Exchange News Service (SENS).
16-Oct-2013
(Official Notice)
It is with deep regret and sadness that the board informs shareholders of the death of John Taylor after a long illness.



John served as a Petmin non-executive director since 2006.
30-Sep-2013
(Official Notice)
The company announced earlier that Mr Ian Cockerill, the current executive chairman of Petmin, will assume the role of non-executive chairman with effect from the company's annual general meeting ("AGM") to be convened later in 2013.
30-Sep-2013
(Official Notice)
Notice is hereby given that the directors have declared a final gross dividend of 3.00 South African cents per ordinary share, payable out of income for the year ended 30 June 2013.

*Local dividend withholding tax ("DWT") rate -- 15%

*Secondary Tax on Companies (STC) credits available for set-off -- none

*Net local dividend after DWT per ordinary share -- 2.55 cents

*Total number of ordinary shares in issue -- 576,908,188

*Company income tax reference number -- 057/081/84/7P



In accordance with the settlement procedures of Strate, the following salient dates will apply:

*Last day to trade cum-dividend -- Friday, 15 November 2013

*Shares commence trading ex-dividend -- Monday, 18 November 2013

*Record date -- Friday 22 November 2013

*Dividend payment date -- Monday 25 November 2013



Share certificates may not be dematerialised or rematerialised between Monday, 18 November 2013 and Friday, 22 November 2013, both dates inclusive. On Monday, 25 November 2013 the cash dividend will be electronically transferred to the bank accounts of all certificated shareholders where this facility is available. Where electronic fund transfer is not available or desired, cheques dated 25 November 2013 will be posted on or about that date. Dematerialised shareholders accounts with their Central Securities Depository Participant (CSDP) or broker will be credited on Monday, 25 November 2013.
30-Sep-2013
(Official Notice)
30-Sep-2013
(C)
27-Sep-2013
(Official Notice)
Shareholders were advised that industrial action has continued at the Somkhele anthracite mine in KwaZulu-Natal.



Approximately 100 workers employed on Somkhele's three wash plants by mine operator Tendele Coal Mining (Tendele) have been on strike for ten days, following failure to achieve a settlement in negotiations over wages and employee benefits.



On Thursday 26 September, about 320 workers employed by Tendele's mining joint venture also began industrial action.



For the past ten days, mining has continued at Somkhele and contingency plans have enabled the operation of the wash plants and shipment of product to domestic and export customers.



Mining operations and operation of the wash plants were suspended on Thursday 26 September and will resume on Monday 30 September. Deliveries of product from stockpiles will continue over the weekend.



Police are monitoring the situation at Somkhele. Tendele management has been granted a court interdict to ensure industrial action is conducted in a legal manner.



Management is negotiating with labour representatives and hopes to resolve the industrial action with a settlement acceptable to all parties.



Management has urged all workers and the wider community to recognise the impact and benefits of the Somkhele mine, and to ensure that strike action is conducted in a peaceful manner.



Updates on the industrial action at Somkhele will be released on the Securities Exchange News Service and to the Regulatory News Service.
17-Sep-2013
(Official Notice)
Shareholders are advised that approximately 100 workers employed by Tendele Coal Mining (Pty) Ltd (Tendele), the operator of Petmin?s Somkhele anthracite mine in KwaZulu-Natal, began industrial action on Monday 16 September 2013, following failure to achieve a settlement in negotiations over wages and employee benefits.



The industrial action continued on Tuesday 17 September 2013. Management is negotiating with labour representatives and hopes to resolve the industrial action with a settlement acceptable to all parties. Mining operations at Somkhele continue as normal (on a 24-hour basis) and all three washing plants will continue to run on a 12-hour basis for the duration of the strike.



Sufficient stock piles are available to continue delivering on the majority of the contracts. Daytime shipments of anthracite to domestic and export customers are continuing, but have been suspended at night. Tendele has as a result advised one of its export customers that it will reduce the volume to be supplied for a vessel scheduled to load by the end of the week commencing 16 September 2013. Product scheduled for a second export vessel has already been delivered and is not affected by the industrial action. Updates on the industrial action at Somkhele will be released on the Securities Exchange News Service and to the Regulatory News Service.

12-Sep-2013
(Official Notice)
As part of the reduction of corporate overhead costs, Petmin has taken a decision to terminate its secondary listing on the AIM in London. Over the past twelve months, the average daily volume of Petmin shares traded on AIM was 10 820 compared to 1 264 977 shares on the JSE.



Whilst Petmin remains cognisant of the interest of all shareholders, the rationale for delisting on AIM is informed by the low volume of trade in the company's shares on the AIM, with the UK register comprising less than 3% of the overall total shareholding. The Company has determined that the secondary listing is administratively intensive and costly, and is of the view that the volume of trade over the past few years does not sufficiently warrant a presence in London, nor the expense of maintaining a secondary listing on the AIM.



Shareholders are further notified that all shareholders reflected on the UK register as at the record date of 1 November, 2013, currently administered by Computershare Investor Services (Jersey) Ltd., will be transferred onto the South African Register administered by Computershare Transfer Secretaries in South Africa. The company will maintain its listing on the JSE.
09-Sep-2013
(Official Notice)
Shareholders were advised that the company has entered into negotiations (unrelated to Veremo, the AIM delisting or the Reviewed Results), which if successfully concluded may have a material effect on the price of the company's securities.



Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement is made.
09-Sep-2013
(Official Notice)
04-Jun-2013
(Official Notice)
Shareholders were advised that the company will deliver a presentation to analysts and investors during a visit to Petmin's Somkhele mine today, 4 June 2013. All three plants have now been commissioned, and Somkhele has the capacity to produce approximately 1.2 million tons of anthracite and 480 000 tons of energy product.



Shareholders were invited to visit the company's website at www.petmin.com or www.petmin.co.za to view the presentation, alternatively, to contact Mr. Bradley Doig at Petmin on +27 11 706 1644 or +27 82 459 7818 or bradley@petmin.co.za for further information.
04-Mar-2013
(Official Notice)
*Net cash flow from operations R161m despite difficult conditions

*Like for like profit after tax down 16% to R30m (2011: R36m)

*Shareholding in NAIC increased to 22.5% following significant project progress

*New R325m banking facilities secured

*R238m (2011: R273m) invested in local and international growth and diversification

*R280m cash received for sale of SamQuarz silica operation



Operational highlights

*Extension to mining licence at Somkhele metallurgical anthracite mine

*Updated resource statement for North Atlantic Iron Corporation (NAIC)



Highlights for the period after 31 December 2012

*Third Somkhele plant commissioned in February 2013

*Greater control of Somkhele costs and productivity from JV with mining contractor

*New stockpile policy to enable continued operations at Somkhele during excess rainfall

*First smelt test completed and significant progress as NAIC advances towards preliminary economic assessment (PEA)
04-Mar-2013
(Official Notice)
This short-form announcementis the responsibility of Petmin's directors and is only a summaryof the information set out in full in the interim results announcement released on the SENS and to RNS on 4 March 2013 ("Interim Results Announcement"). The Interim Results Announcement is available on Petmin's website: www.petmin.co.za. Copies of the Interim Results Announcement may also be requested at Petmin's registered office, at no charge, during normal office hours. Additional details on Petmin, including a detailed presentation on the interim results can also be found on our website. Any investment decision in relation to Petmin's shares should be based on the Interim Results Announcement.
04-Mar-2013
(Official Notice)
04-Mar-2013
(C)
15-Feb-2013
(Official Notice)
01-Feb-2013
(Official Notice)
Shareholders are advised that a Company presentation delivered by Petmin during the 2013 Investing in African Mining Indaba in Cape Town is available on the Company's website.
23-Nov-2012
(Official Notice)
The annual general meeting of Petmin shareholders was held on 23 November 2012. All the ordinary resolutions and the special resolutions as set out in the notice of the annual general meeting to shareholders dated 26 October 2012, were approved by the requisite majority of shareholders. The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission in due course.
26-Oct-2012
(Official Notice)
Shareholders were advised that the Annual Integrated Report, which includes the Annual Financial Statements of the company for the year ended 30 June 2012 will be published on the company's website www.petmin.co.za on Thursday, 01 November 2012 and contains no modifications to the Reviewed Results as posted to shareholders and published on SENS and to RNS on 19 September 2012.



Notice of annual general meeting

Notice for the annual general meeting of the company to be held at 10h00 South African time in Petmin's Offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Friday, 23 November 2012 has been posted to shareholders today.
24-Oct-2012
(Official Notice)
Petmin announce it has entered into a five-year take-or-pay sale agreement for 300,000 tonnes per annum of production from the third wash plant under development at its Somkhele anthracite mine in KwaZulu-Natal, South Africa. The Somkhele mine produces metallurgical anthracite for domestic and export markets. Following the commissioning of a second wash plant in March 2012, the mine has a production capacity of 1.2 million saleable tonnes of anthracite per annum.



A third wash plant is under construction for a cost of R62 million (GBP4.4 million) and is scheduled for completion in January 2013. The third plant is designed to process discard arising from the two existing anthracite wash plants and will have capacity to produce up to 500,000 tonnes of energy product annually for the energy market. The third plant is expected to increase Somkhele?s overall plant yield from 42% to 50% and enables greater operational flexibility at the mine. The third plant will be able to process 330 tonnes per hour of discard from the two existing anthracite wash plants.



Exchange rate applied: ZAR13.9061:GBP1

08-Oct-2012
(Official Notice)
Further to the announcement by Petmin dated Friday, 28 September 2012, shareholders were advised that operations are returning to normal at the company's Somkhele anthracite mine in KwaZulu-Natal in South Africa. This follows the conclusion of an unprotected strike by approximately 350 workers employed by Sandton Plant Hire ("SPH"), the opencast contractor at Somkhele. The unprotected strike, as contemplated in Section 68 of the South African Labour Relations Act, 66 of 1995, started on Tuesday, 25 September.



On Friday, 5 October, SPH management signed an agreement with union representatives, subject to approval by SPH employees. Approval of the agreement was secured at a meeting between SPH employees and their representatives from the NUM and Amcu unions on Sunday, 7 October.



The agreement includes restructuring of wage packages, an increase in shift allowances and housing allowances, and a commitment between all parties to establish a working committee to address productivity at the Somkhele mine. The pay packages of SPH employees are now similar to those of workers employed directly by Tendele Coal Mining ("Tendele"), a wholly-owned Petmin subsidiary which operates the Somkhele mine.



As part of the agreement, SPH employees signed an acknowledgement that the strike was unprotected and that a final warning letter would be placed on their employee files. Petmin and Tendele management have expressed their appreciation to union and community leaders around Somkhele for their role in resolving the unprotected strike, and look forward to a speedy return to full production.
28-Sep-2012
(Official Notice)
Shareholders are advised that approximately 345 workers employed by Sandton Plant Hire ("SPH"), the opencast contractor at Petmin's wholly-owned subsidiary, Tendele Coal Mining (Pty) Ltd., the operator of the Somkhele mine in KwaZulu-Natal, South Africa, have embarked on an unprotected strike as contemplated in Section 68 of the South African Labour Relations Act, 66 of 1995.



SPH management is in discussions with striking workers and union representatives, and has urged workers to return to work and pursue their grievances through recognised negotiating channels. A court interdict has been obtained by SPH declaring the conduct of the striking workers unlawful, allowing SPH to take all necessary legal steps required to resolve the situation. As a result of striking workers not having returned to work by 12h00 Central African Time (11h00 British Standard Time), today, 28 September 2012, SPH under the interdict obtained may take disciplinary action against striking workers, which steps may include dismissal. In addition, contempt of court proceedings may be brought by SPH.



Somkhele mine management is working with SPH management and union representatives to find a speedy and amicable solution that will allow for operations at the mine to return to normal as soon as possible. Somkhele Mine has sufficient stock to supply the majority of its clients for the foreseeable future. Updates on the unprotected strike action will be released on SENS.
19-Sep-2012
(C)
16-Aug-2012
(Official Notice)
17-Jul-2012
(Official Notice)
Petmin announced that it has been granted a twenty-year mining licence for an expansion to new mining areas at its flagship Somkhele anthracite operation in northern KwaZulu-Natal, South Africa. The new licence is in addition to the existing twenty-year licence covering existing reserves, and will facilitate the expansion of operations by South Africa's biggest producer of metallurgical anthracite. It secures reserves for the second processing plant at Somkhele, which was commissioned early in 2012, and is operating at full capacity.



The mining right granted on 5 July 2012 by the South African Department of Mineral Resources ("DMR") gives Petmin consent to mine the new mining areas of KwaQubuka and Luhlanga, which have a combined size of 706 hectares. Including the new areas, Somkhele has a twenty-year life of mine at an opencast production capacity in excess of 1.2 million tonnes per year of saleable anthracite. Petmin expects to start producing saleable product from the new mining areas within the next 12 months.
29-Jun-2012
(Official Notice)
Shareholders are referred to the cautionary announcement dated 9 January, and renewed on 20 February, 12 March and 30 April 2012, and are advised that as the contents referred to therein have ceased to have any relevance or effect on the company, caution is no longer required to be exercised by shareholders when dealing in their securities.
29-Jun-2012
(Official Notice)
With reference to the announcement dated 30 January 2012, in which shareholders were advised that Petmin had appealed against a Competition Commission prohibition of the sale of its SamQuarz silica mine to Thaba Chueu Mining, the board is pleased to announce the sale of SamQuarz has been approved by the Competition Tribunal. The Tribunal's ruling, along with Section 11 approval for the sale from the Department of Mineral Resources, makes the deal unconditional as at 29 June 2012. The Disposal for R259 million cash was announced on 13 September 2011. The proceeds from this sale equate to an average net return for Petmin of 45% year- on-year after tax for the six years since it acquired the operation for R85 million.
12-Jun-2012
(Official Notice)
Further to the cautionary announcements dated 9 January, 20 February, 12 March and 30 April 2012, shareholders were advised that the negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
30-Apr-2012
(Official Notice)
Further to the cautionary announcements dated 9 January, 20 February and 12 March 2012, shareholders are advised that the negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
12-Mar-2012
(Official Notice)
12-Mar-2012
(Official Notice)
12-Mar-2012
(C)
Revenue decreased to R216.3 million (R237.3 million). Gross profit decreased to R51 million (R70.5 million) and operating profit improved to R56.3 million (R55.6 million). Net attributable profit decreased to R47 million (R47.3 million). Headline earnings per share declined to 8.15cps (8.19cps).



Outlook

With the expansion at Somkhele nearing completion and with the promising developments at NAIC, Petmin is well positioned to significantly increase earnings and enhance shareholder value with the increase in value of its BOT projects as they near development stage. Renewal of cautionary announcement Further to the cautionary announcements dated 9 January 2012 and 20 February 2012, shareholders are advised that the negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Consequently, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
12-Mar-2012
(Official Notice)
23-Feb-2012
(Official Notice)
Petmin announced it has received consent from the South African Department of Mineral Resources for the sale of its SamQuarz silica mine to Thaba Chueu Mining (Pty) Ltd. (Thaba). The sale remains subject to a Competition Tribunal appeal by Petmin and Thaba against a decision by the Competition Commission to prohibit the sale. Petmin announced on 13 September 2011 that it had sold SamQuarz to Thaba for R259 million (plus all profits made after 1 July 2011 until closing of the transaction) subject to approval from the Competition Commission and the Department of Mineral Resources. A formal notice was filed with the Competition Tribunal by Petmin and Thaba on Friday 27 January 2012, asking the Tribunal to reconsider the Commission's decision. It is anticipated that the legal process before the Tribunal will take approximately six months. During this time, Petmin will continue to operate SamQuarz as a profitable and productive mining business. Shareholders are reminded that Petmin trades under a cautionary, and this announcement is not related to the cautionary.
22-Feb-2012
(Official Notice)
Petmin has signed a renewable five year agreement which will enable it to export up to 600,000 tonnes of metallurgical anthracite a year from Grindrod Terminals Kusasa dry bulk facility in Richards Bay, located in the KwaZulu Natal province of South Africa. The agreement, effective from 1 February 2012, gives Petmin the capacity to ship its expanded anthracite production from the Somkhele mine 85km north of Richards Bay.



Under the terms of the agreement, Petmin has been allocated 45,000 tonnes of exclusive stockpile and an indicated vessel loading rate of 12,000 tonnes per day. The Grindrod facility replaces Petmin`s previous throughput arrangements at Richards Bay. Somkhele is increasing production from its current 535,000 sales tonnes per annum to in excess of 1.2m tonnes annually. Long term sales contracts are already in place with domestic and international customers.



The mine produces anthracite with low phosphorous and sulphur, and high vitrinite content, for export via Richards Bay (55% of production in 2010/11) to iron ore pelletizing and sintering markets mostly in Brazil, and for the South African ferro alloy industry (45% of production in 2010/11). Anthracite produced by Somkhele is transported by road from Somkhele to Richards Bay, and to domestic customers. This operational update is not related to the Cautionary announcement issued by Petmin on 9 January 2012 and renewed on 20 February 2012.







20-Feb-2012
(Official Notice)
Further to the cautionary announcement dated 9 January 2012, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
13-Feb-2012
(Official Notice)
Shareholders are advised that a company presentation delivered by Petmin during the 2012 Investing in African Mining Indaba in Cape Town is available on the company's website at www.petmin.co.za.
01-Feb-2012
(Official Notice)
The board and management of Petmin announced the appointment of Macquarie Capital (Europe) Ltd to act as Petmin's nominated adviser and broker with immediate effect. The appointment is in respect of the AIM Market of the London Stock Exchange plc.
25-Nov-2011
(Official Notice)
River Group is authorised to announce that the annual general meeting of Petmin held on 25 November 2011 was attended in person and by proxy by approximately 63.96% of the shareholders. All the resolutions proposed were approved by the requisite number of shareholders and will, where necessary, be registered with the Registrar of Companies. Shareholders' attention is drawn to the fact that Mr Johan Adam Strijdom is retiring, as a non- executive director of Petmin, with effect from 25 November 2011.
21-Nov-2011
(Official Notice)
28-Oct-2011
(Official Notice)
Shareholders are advised that the Annual Integrated Report, which includes the Annual Financial Statements of the company for the year ended 30 June 2011 will be published on the company's website www.petmin.co.za on Tuesday, 01 November 2011 and contains no modifications to the reviewed results as posted to shareholders and published on SENS on 13 September 2011.



Notice of annual general meeting

Notice was also given that the annual general meeting of the company will be held at 10h00 in Petmin's Offices on the First Floor, 37 Peter Place, Bryanston, Johannesburg on Friday, 25 November 2011.
06-Oct-2011
(Official Notice)
Shareholders were advised that River Sponsor Services (Pty) Ltd has resigned as company secretary and Mondial Consultants (Pty) Ltd have been appointed as company secretary with effect from 10 October 2011.
21-Sep-2011
(Official Notice)
Petmin has announced details of a USD25 million investment in its Canadian iron sands and pig iron joint venture project. A deal signed in September 2010 gave Petmin the option to invest USD25 million for 40% of North Atlantic Iron Corporation (NAIC), which owns the project in Canada's Newfoundland and Labrador province. NAIC is owned by Petmin and a privately-owned Canadian junior explorer. Petmin has to date invested USD3.5 million for 10.714% of NAIC. Petmin has joint management control of NAIC and the project. A further 9.9% of NAIC may be acquired at Petmin's discretion, at a price to be negotiated. The project is supported by excellent infrastructure, being close to hydro- electric power and a deep water port. The directors of Petmin believe that the project potentially has a lifespan of more than 50 years and aims to produce 500 000 tonnes of pig iron per year during its first phase.
16-Sep-2011
(Official Notice)
Shareholders were advised that the company will be making presentations to various analysts and investors over the next few days and has to this end published the investor presentation on the Petmin website. Shareholders were invited to visit the company's website at www.petmin.com or www.petmin.co.za to view the presentation or contact Mr. Bradley Doig at Petmin Limited +27 11 706 1644 or +27 82 459 7818 bradley@petmin.co.za.
13-Sep-2011
(Official Notice)
Notice was given that a final cash dividend of 4cps ("the dividend") has been declared for the year ended 30 June 2011, which is in line with the approved dividend policy, payable to shareholders recorded in the share register of the company at the close of business on Friday, 07 October 2011. The attention of shareholders is drawn to the following important dates:

* Last day to trade "cum" the cash dividend ("LDT"): Friday, 30 September 2011

* Date trading commences "ex" the cash dividend: Monday, 03 October 2011

* Record date for payment of the cash dividend: Friday, 07 October 2011

* Date of payment of the cash dividend: Monday, 10 October 2011.
13-Sep-2011
(Official Notice)
Petmin announced that, at a meeting of the board of directors held on 12 September 2011, the board approved the appointment of Mr.Trevor Petersen as an independent non- executive director of the company and as a member of the audit and risk committees. The appointment is effective from 12 September 2011.
13-Sep-2011
(Official Notice)
Petmin has sold its SamQuarz silica mine in Mpumalanga for R259 million in cash, an average net return of 45% year on year after tax, for the six years since it acquired the operation for R85 million. The sale of SamQuarz (Pty) Ltd to Thaba Chueu Mining (Pty) Ltd, a subsidiary of Spain's Grupo Ferroatlantica SL, was agreed to at a Petmin board meeting on Monday 12 September 2011. The final purchase price may be adjusted upwards to around ZAR 270 million once final approval is secured from the Competition Commission and Department of Mineral Resources.



Petmin's return on SamQuarz will pay for and fund current projects and new investments aligned to its focus on commodities which support infrastructure development and which are being used in the steel value chain. Petmin's investments this year include a 50% stake in a Liberian iron ore joint venture, an entry into Turkish copper (potentially securing up to 37.5%), and a phased investment in Canadian iron sands (potentially securing up to 40%). Petmin has joint management control in all of the above projects. These projects provide Petmin with significant potential optionality and are clearly representative of Petmin's strategy to diversify geographically into those commodities that are consumed in the steel value chain, specifically in infrastructure development and urbanization.



Rationale and use of proceeds

Petmin has a history of delivering superior returns to shareholders by cost effectively purchasing and developing assets and disposing of them for superior returns, returning value to shareholders and reinvesting the gains in new assets. Petmin acquired SamQuarz as an underperforming asset and restructured the business into a long term, sustainable, reliable cash producing asset. The cash flows from SamQuarz provided Petmin with a stable base from which to build on its growth strategy. The disposal will provide Petmin with significant cash resources to be deployed in accelerating the Business of Tomorrow strategy and funding the various project development requirements in Petmin's pipeline of projects.



Withdrawal of cautionary

Shareholders are referred to the cautionary announcement dated 5 August 2011, and are advised that as the contents referred to therein have ceased to have any relevance or effect on the company, caution is no longer required to be exercised by shareholders when dealing in their securities.
13-Sep-2011
(C)
Revenue for the year ended 30 June 2011 increased to R471.4 million (2010: R334.9 million). Gross profit was slightly lower at R116.7 million (2010: R117.5 million), while profit for the year from continuing operations fell to R76.9 million (2010: R80.1 million). Furthermore, headline earnings per share decreased 17.50cps (2010: 19.09cps).



Declaration of dividend

On 13 September 2011, the company announced that it had declared a dividend of 4cps (2010: 4cps for normal dividend plus 2cps for special dividend) which is in line with the approved dividend policy.



Prospects

* Anthracite division - Current production and sales levels are expected to be maintained in the six months to December 2011 with some improvement in pricing. It is anticipated that construction and commissioning will be completed during the first quarter of calendar 2012, whereafter the production from the second plant should see a material increase in sales and production tonnes from the mine. The exploration and evaluation programme is expected to deliver an updated SAMREC compliant report by June 2012.

* Silica division - Petmin anticipates current sales and production volumes to be maintained in the year ahead as Petmin manages this asset until the regulatory approvals for the disposal are received. Capital expenditure is expected to reduce to R46 million from the R63 million spent in the year ended 30 June 2011.

* Business of Tomorrow division - Bradley Doig, previously chief operating officer, assumed responsibility for the Petmin offshore expansion and Business of Tomorrow with effect from 1 July 2011 in order to rapidly progress the various projects for which Petmin has budgeted project development investments of R86 million in the year ahead.
16-Aug-2011
(Official Notice)
Petmin's partner on the Sivas Copper Project in Turkey, Red Crescent Resources (RCR), has announced positive results from exploration activity in the period May to July 2011. RCR has confirmed the presence of extensive oxide and sulphide copper mineralization on the project, which is in the Sivas region of north-east central Turkey. Detailed surface mapping of the Main Mineralized Zone (MZ) is well advanced, confirming the significant extent and expression of the mineralization over a continuous strike length of at least 2.4km and with an average width of approximately 100m. Mapping of the South East Zone (SEZ) is due to commence shortly.



The presence of both oxide and sulphide mineralization in the system has been confirmed in the MZ and SEZ, with both being strongly exhibited, particularly in the SEZ. The well developed copper bearing mineralization contains azurite, chalcocite, malachite and bornite which can be clearly seen with the naked eye. Pursuant to the receipt of relevant environmental and forestry permits, which are expected to be issued during August 2011, the planned Drill Program for at least 5000m of Diamond Core and RC drilling will be completed this season, along with an extensive surface trenching program on both the MZ and SEZ. RCR is a mineral exploration and development company focused on base metals in Turkey and listed on the Toronto Stock Exchange in Canada. RCR is targeting historically inaccessible areas where no modern exploration techniques or technology have been applied, with high potential for discovery of significant base metal deposits.



Following completion of an equity investment of CAD4.64 million announced on 16 May 2011, Petmin will have a 10.1% ownership interest in RCR. Petmin will invest up to a maximum of CAD17 million in four conditional tranches over a period of 3.5 years, to earn up to a 37.5% interest in the RCR-controlled controlled joint venture, RCR Quantum AS, which is responsible for the management and development of the Sivas Copper Project. Further details of exploration results and planned exploration activity are contained in the statement from RCR below, which was released in Canada on 15 August 2011. Photographs and images relating to the detailed surface mapping of the MZ and the well developed copper mineralization can be found at www.petmin.co.za
11-Aug-2011
(Official Notice)
On 16 May 2011 Petmin announced that it had successfully entered into a transaction with Red Crescent Resources Ltd ("RCR") to subscribe for shares in RCR and to subsequently invest directly in RCR's Sivas Copper Project in central Turkey. RCR is a mineral exploration and development company focused on base metals development in Turkey and listed on the Toronto Stock Exchange in Canada. In confirmation of the 16 May announcement the Petmin board would like to make their shareholders aware that RCR published the following announcement on 11 August 2011.



Red Cresent signs definitive agreement with Petmin to advance development of Sivas Copper Project

Red Crescent Resources Ltd ("RCB"), a mineral exploration and development company focused on base metals in Turkey, announced that pursuant to its completion and fulfilment of all the conditions precedent in the initial MOU, it has signed a definitive agreement (DA) with Petmin, a South African multi-commodity mining company, following the receipt of regulatory approvals and successful completion of due diligence activities. The investment agreement is designed to accelerate the development of Red Crescent's Sivas Copper Project. Under the terms of the investment agreement, which were first disclosed on May 16th, 2011, Petmin would make an equity investment in Red Crescent totalling CAD4.64 million. Petmin subscribed for and was issued 3,170,000 common shares on May 24th, 2011 as part of the Initial Subscription. The balance will now follow by August 14th, 2011 under a separate Subscription Agreement signed in conjunction with the DA. Upon completion Petmin will have received approximately 9.3 million shares, each at a price of CAD0.50, for a 10.1% ownership interest in Red Crescent Resources Ltd. Petmin will also invest up to a maximum of CAD17 million in four conditional tranches over a period of 3.5 years, to earn up to a 37.5% interest in the Red Crescent controlled joint venture, RCR Quantum AS, which is responsible for the management and development of the Sivas Copper Project. The terms of the "farm-in" arrangement are unchanged and as previously released on May 24th, 2011.
05-Aug-2011
(Official Notice)
Shareholders were advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
11-Jul-2011
(Official Notice)
Hummingbird and Petmin announced that Petmin has invested a further USD1.5m in Iron Bird Resources Inc ("Iron Bird") the sole owner of the Mt Ginka iron ore exploration licence in northern Liberia. This concludes phase two of Petmin's investment under the joint venture agreement with Hummingbird, announced on 25 January 2011 ("Joint Venture Agreement"). The investment takes Petmin's total investment in Iron Bird to USD2 million, and under the terms of the Joint Venture Agreement, Hummingbird and Petmin now each hold 50% in Iron Bird. Both parties now have the option to contribute equally to any further funding required. This investment means that Iron Bird is fully funded for the next stage of work, which focuses on geological mapping, trenching, drilling and metallurgical test work. This work program is focused on obtaining representative samples of the ore body to confirm the earlier grab samples which ranged from 33%-54% Mag Fe and to demonstrate that the ore body is both extractable and economic. Future drilling will give an indication of the size of the deposit.

27-Jun-2011
(Official Notice)
16-May-2011
(Official Notice)
03-May-2011
(Official Notice)
Shareholders were advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
02-Mar-2011
(Official Notice)
The company announced the appointment of Koosum Kalyan and Millard Arnold as independent non-executive directors with effect from 1 March. They will be replacing non-executive directors Piet Nel and Johan Strijdom. Mr Nel retired from the board on 28 February 2011 and Mr Strijdom intends to retire at the next AGM. These changes are in line with the recommendations of King III and will support Petmin in pursuing its global diversification and commodity focused expansion strategy.
02-Mar-2011
(C)
Revenue increased to R320.9 million (R214.6 million). Gross profit rose to R94.3 million (R87.5 million) and operating profit improved to R71.1 million (R64 million). Net attributable profit increased to R47.3 million (R46.4 million). However, headline earnings on a per share basis declined to 8.19cps (8.28cps).



Outlook

With the operations at full production and an anticipated strong rand, Petmin expects a similar operational and financial performance for the six months ending 30 June 2011. With organic expansion at Somkhele on track to double the plant capacity and double the life of mine, and an exciting pipeline of prospective iron ore projects in place, Petmin remains well positioned for growth with low gearing and significant cash resources. Petmin will continue to actively evaluate new opportunities which meet its stated highly focused commodity and geographic diversification growth strategy in order to maximize shareholder wealth in the short to medium term.
26-Jan-2011
(Media Comment)
Petmin, a diversified South African miner, will spend USD2 million to explore a Liberian iron-ore prospect owned by AIM-traded Hummingbird Resources. Petmin, which mines coal and silica in SA, will engage in a two- stage plan to assess the commercial viability of Mount Ginka, in north-central Liberia.



Petmin CEO Jan du Preez said the Mount Ginka joint venture with Hummingbird represents an early stage, cost effective entry into a potentially prospective venture. It is further progress on our stated intention of diversifying the product mix and expanding the global footprint.
27-Jan-2011
(Official Notice)
Petmin announced that on 24 January 2011 the company entered into an agreement with Hummingbird and its wholly owned subsidiary Iron Bird Resources Inc ("Iron Bird"), relating to Hummingbird's Mount Ginka licence for exploration of iron ore in Liberia. Hummingbird Resources Plc (AIM:HUM) is the largest holder of mineral exploration licences in the eastern part of Liberia, a hitherto unexplored region of Birimian age geology - a province that is known to be highly prospective for the discovery of large scale gold and other mineral deposits. Hummingbird has sought to capitalise on this prospect through systematic and extensive exploration over the last four years. Under this agreement Petmin will provide up to a total sum of USD2 million for the exploration of the Mount Ginka licence area in a two stage plan to ascertain the commercial viability of the project.



The key terms of the agreement are:

*Iron Bird will issue new shares equivalent to 15% of its issued share capital to Petmin for a consideration of USD500 000 ("First Phase Investment"). This investment is conditional on the transfer of the Mount Ginka licence to Iron Bird.

*The First Phase Investment will be used for the purpose of demonstrating whether a commercially saleable magnetite concentrate can be produced ("Phase 1 of the Work Programme").

*On successful completion of Phase 1 of the Work Programme, Petmin will invest a further USD1 500 000 in Iron Bird, to increase its shareholding to 50% ("Second Phase Investment").

*The Second Phase Investment will be utilised to demonstrate the scale of the resource within the licence area.



Conditions precedent

Where applicable this transaction is subject to the approval of the SARB, JSE Ltd, the Securities Regulation Panel and the Competition Commission.



Categorisation, JSE Listings Requirements

This transaction does not fall within any of the categorisation definitions of the JSE listings requirements and this announcement has been made in the interest of keeping shareholders updated with the activities of the company.
13 Dec 2010 14:51:44
(Official Notice)
River Group was authorised to announce that the annual general meeting of Petmin held on 13 December 2010 was attended in person and by proxy by approximately 77% of the shareholders. All the resolutions proposed were approved by 87% or more of shareholders present or represented by proxy and will, where necessary, be registered with the Registrar of Companies.
19 Nov 2010 11:24:22
(Official Notice)
Shareholders are advised that the 2010 Annual Report has been approved by the directors and was posted, together with the notice of annual general meeting, to shareholders on Friday, 19 November 2010 and contains no material modifications to the results which were published on SENS on 08 September 2010. The electronic version of the 2010 Annual Report will be available on Petmin's website (www.petmin.co.za) from 09H00, on 22 November 2010.



Notice of AGM

The notice of the annual general meeting, which will be held at 09h00 on Monday, 13 December 2010 at First Floor, 37 Peter Place, Bryanston, Johannesburg, is included in the annual report.

27 Oct 2010 17:05:38
(Official Notice)
The board is furthermore announce that Mr John Taylor (63) - BEng (Hons) Metallurgy, currently a non-executive director of Petmin has been appointed as lead independent director as required by King III.
09 Sep 2010 09:26:43
(Media Comment)
Business Day reported that Petmin, an anthracite and silica producer, reported a maiden dividend after a strong set of results boosted cash flows and further positioned the company for growth. Chairman Ian Cockerill said that Petmin has a R120 million project to double anthracite output to R1.1 million saleable tons from the first quarter of 2012, making it the largest South African anthracite producer.



Mr Cockerill added that the starting of dividend payments shows that Petmin is growing up and becoming a proper, fully grown up company in which its management is confident in its capability to develop its business, pay a dividend and still grow. The company is scouring the market for growth projects that will meet stringent criteria and fit its strategic vision of supplying materials for infrastructure.
08 Sep 2010 09:08:14
(C)
Revenue for the year ended decreased to R489 million (2009: R789 million). Gross profit fell to R179 million (2009: R210 million), while operating profit weakened to R149 million (2009: R174 million). Income attributable to equity holders of Petmin fell to R108 million (2009: R118 million) . Furthermore, headline earnings per share continued the overall trend and was lower at 19.09cps (2009: 22.29cps).



Dividend

A cash dividend of 6cps was declared, comprising 4cps which is in line with the approved dividend policy and a special dividend of 2cps which is based on the proceeds received on the sale of Springlake.



Prospects

Petmin is well positioned for organic and acquisitive growth with low gearing and substantial cash resources. The objective of Petmin's growth strategy is to provide superior returns to investors. The opportunities currently being assessed relate primarily to commodities that feed into infrastructure growth and urbanisation (in essence the steel value chain) and comprise a mix of cash producing assets and projects with a diverse geographic spread.
25 Aug 2010 10:31:12
(Official Notice)
The Petmin board updated shareholders regarding the Veremo Holdings (Pty) Ltd ("Veremo") investment. Petmin is a 25 percent shareholder in Veremo and 75 percent is ultimately controlled by Kermas Ltd ("Kermas"). Veremo is the owner of the Stoffberg magnetite project containing iron ore and titanium ("the project"). Veremo and MCC International Incorporation Ltd ("MCC"), one of China's foremost state controlled companies (which has inter alia been active in mining and processing in Africa for more than 25 years), announced in Beijing that they had signed a memorandum of understanding ("MOU") to appoint MCC as the EPC contractor on a turnkey basis for the Veremo project. Petmin's position in Veremo remains unchanged and Petmin is working closely with Kermas on all aspects of the project and believes that the signing of the MOU signals a positive trend for the future development of the project.
22 Jul 2010 09:11:51
(Official Notice)
Petmin Ltd announced that the board has approved capital expenditure of R120 million for the construction of the second coal processing plant at its Somkhele mine in Kwa Zulu-Natal, South Africa. The construction of a second plant will double current production capacity to approximately 1.1 million sales tonnes a year. It is anticipated that the plant will be funded with a combination of debt (not more than 65%) and the company's own cash resources. Petmin's cash resources are in excess of R230 million and the company's debt gearing ratio is less than 10%. The plant will be commissioned by 31 December 2011.



Somkhele, which lies 85 kilometres to the north-east of Richards Bay, is the second largest producer of high quality metallurgical anthracite in South Africa. The additional capacity of approximately 535,000 saleable tonnes per annum will position Somkhele as the largest producer of metallurgical anthracite in the country. Somkhele is currently mining on approximately 1 400 hectares and exploring on a further 23 000 hectares, with SAMREC-compliant reserves and resources of 51.2 million tonnes.



Following an accelerated exploration drilling programme completed in June 2009, additional resources of 24 million tonnes were delineated in the Luhlanga, KwaQubuka and Emalehlene coal deposits which are in close proximity to the current processing plant. The mine, which supplies both local and overseas markets, has a dedicated export facility of 600,000 tonnes per annum at the Richards Bay Dry Bulk Terminal and is well positioned to grow its export market. Petmin acquired Somkhele in November 2005 and the mine was commissioned in June 2007. Its other assets are the SamQuarz silica mine and a 25% interest in the Veremo pig-iron project, both in Mpumalanga Province.

01 Jun 2010 09:08:44
(Official Notice)
The board would like to update shareholders regarding recent market reports regarding the Veremo Holdings (Pty) Ltd ("Veremo") investment. Petmin is a 25 percent shareholder in Veremo and 75 percent is ultimately controlled by Kermas Ltd ("Kermas"). Veremo is the owner of 70 percent of the Stoffberg magnatite project containing iron ore and titanium ("the project"). Kermas Ltd, Korean steel company Dongbu Steel Ltd ("Dongbu") and Korean state-run KORES ("the parties") announced last week that they had signed a memorandum of understanding ("MOU") to develop the project.



In terms of the MOU the parties intend to develop the project in Stoffberg north of Johannesburg at an estimated capital cost of USD475 million, to produce 1.2 million tonnes of pig iron per year from 2013. The two Korean firms intend to buy 50 percent of the plant's output. Petmin's position in Veremo remains unchanged and Petmin is working closely with Kermas on all aspects of the project and believes these recent events signal a positive trend for the future development of the project.
08 Mar 2010 12:04:27
(Media Comment)
According to the Sunday Times Business Times, Petmin's shareholders are confident of new executive chairman, Ian Cockerill's ability to add value to the company. Cockerill says Petmin should expand the SamQuartz silica operation and start to expand regionally, while maintaining its local operations. Funding could come from institutional shareholders in the UK.
01 Mar 2010 11:03:58
(Official Notice)
Petmin Ltd announced today that Ian Cockerill will be appointed executive chairman of the company with effect from 1 July 2010, and has assumed the role of executive chair designate from 1 March 2010.
01 Mar 2010 09:40:36
(C)
22 Feb 2010 08:31:55
(Official Notice)
The 2009 calendar year has been the most difficult year experienced in Petmin's history because of the turmoil in the worldwide financial markets and its consequential impact on the world commodity markets. Despite this, during the six months ended 31 December 2009, Petmin's operations maintained healthy profit margins and were cash generative.



The shareholders of Petmin are hereby advised that HEPS for the six months ended 31 December 2009 are expected to be 8.28 cps, down by 30% from the 11.82 cps for the six months ended 31 December 2008. If the results of Springlake Colliery, which was sold in June 2009, are excluded from the comparative period, Headline Earnings per share increased 10% on a like for like basis. EPS for the six months ended 31 December 2009 are expected to be 8.28 cps, down from 15.15 cps for the six months ended 31 December 2008, a decrease of 45%. This decrease is due to the comparative period including income of R23m generated by Springlake, once-off income of R33 million resulting from the fair value adjustment in terms of IFRS on the acquisition of Petmin's initial investment in Veremo Holdings (Pty) Ltd, and once-off impairment charges mainly relating to the sale of Springlake amounting to R15 million.



Petmin has a healthy balance sheet with cash resources of approximately R 145 million and unutilized facilities at or below prime of R 150 million and has built a stable platform from which to launch and execute its strategy to significantly increase the size of Petmin and to provide superior returns to our shareholders. Petmin's reviewed results are expected to be published on SENS and RNS on 1 March 2010.
27 Jan 2010 13:05:09
(Official Notice)
The annual general meeting of Petmin held on 27 January 2010, was attended in person and by proxy by approximately 82% of the shareholders. All the resolutions proposed were approved by 92% or more of shareholders present or represented by proxy and will, where necessary, be registered with the Registrar of Companies.
28 Dec 2009 08:04:48
(Media Comment)
Business Day reported that coal group Petmin's shareholders will be asked to vote at the annual meeting, to be held on 27 January, on a proposal to extend financial aid to its black-empowerment partners, Dark Capital, as it has come under pressure from funders. Mining companies are having to assist empowerment shareholders, as the collapse in share and commodity prices in the past year and tighter bank credit, have squeezed those that entered into heavily geared transactions.



Dark Capital has negotiated a R82 million loan facility with Standard Bank to refinance part of its obligations to Investec and Sanlam. Petmin will guarantee the loan, underpinned by the pledge of 45 million Petmin shares by Dark Capital. Chairman, Piet Nel added that as far as current operations were concerned, Petmin planned to diversify its assets in commodities and geographic locality, and expects to announce progress in the current financial year.



18 Dec 2009 11:49:22
(Official Notice)
Shareholders are advised that the annual report for the year ended 30 June 2009 will be dispatched to shareholders on 21 December 2009 and contains no material modifications to the audited condensed financial results for that year, which were published on SENS on 8 September 2009. Notice was also given that the annual general meeting of shareholders of the company will be held on 27 January 2010 at 10h00 at the company's offices, First Floor, 37 Peter Place, Bryanston, Johannesburg. Shareholders are advised that the AGM Notice includes two special resolutions that shareholders are requested to consider and if deem appropriate approve.
08 Sep 2009 15:02:55
(C)
Revenue for the year ended 30 June 2009 increased by R122 million or 18% to R789 million compared with the R667 million in 2008. Gross profit was R210 million, an increase of R46 million or 28% compared with R164 million in 2008. Cash of R255 million (2008: R168 million) was generated by operations after outflows from changes in working capital of R59 million (2008: R84 million).
07 Sep 2009 10:08:56
(Official Notice)
Shareholders are advised that headline earnings per share for the year ended 30 June 2009 are expected to be in excess of 22c per share, up from 15.31c per share for the 12 months ended 30 June 2008, an increase in excess of 40% (on 7 July the trading update indicated an increase in excess of 30%) . This growth in headline earnings per share was achieved as a result of managing operational costs down and optimising revenues through the considered use of long-term off-take agreements (for Petmin's products) with financially sound counterparties and currency hedging strategies. The group's headline earnings were R121 million, up from R77 million in 2008, an increase of 57%. On 7 July it was reported that "earnings per share" for 30 June 2009 could not be determined at the time as the relevant IFRS fair value adjustments had not been finalised yet. Petmin can now report that during the year under review Petmin increased its interest to an effective 34.9% (2008: 25%) economic interest in Veremo Minerals (Pty) Ltd. The resultant fair value on acquisition of the additional interest resulted in a share of profit of equity accounted investee of R78 million (2008: R303 million) being recognised in income. This is an accounting profit and has no impact on cash or headline earnings going forward. On 7 July it was reported that the company had concluded the sale of Springlake Holdings (Pty) Ltd ("Springlake") and as a result of delays in meeting all the conditions precedent (the sale agreements were signed in the early part of 2008) , during which period global market conditions dramatically declined, the final purchase consideration was adjusted in line therewith and as a result the company received proceeds of R 85 million on the sale, resulting in an accounting loss of approximately R 79 million. As a result of the above, earnings per share for the year ended 30 June 2009 are expected to be 21.86c per share, down from 75.43c per share for the year ended 30 June 2008, a decrease of 71%. This is due to the inclusion of R303 million recognised in income in 2008, on the initial acquisition of the 25% investment in Veremo Holdings (Pty) Ltd. It is expected that the reviewed results will be published on or about 9 September 2009.
19 Aug 2009 11:03:20
(Official Notice)
Further to the cautionary announcement dated 6 July 2009, shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
07 Jul 2009 11:08:37
(Official Notice)
The shareholders of Petmin are hereby advised that headline earnings per share for the year ended 30 June 2009 are expected to be in excess of 20 cps, up from 15.31 cents per share for the 12 months ended 30 June 2008, an increase in excess of 30%. This growth in headline earnings per share was achieved by managing operational costs down and optimising revenues through the considered use of long-term offtakes with financially sound counterparties and hedging strategies. Earnings per share for 30 June 2009 cannot be determined at present as the relevant IFRS fair value adjustments and other provisions have not been finalised.



The company has concluded the sale of the Springlake Holdings (Pty) Ltd and all outstanding conditions precedent have been met. As a result of delays in meeting all the conditions precedent during which period global market conditions dramatically declined, the final purchase consideration was adjusted in line therewith and as a result of these adverse conditions, the company will receive proceeds of R85 000 000 on the sale. Notwithstanding the reduced price, the group's strategic rationale for disposing of Springlake Colliery remains the same - which is to pursue high quality anthracite markets with the high quality resources at Somkhele.



Renewal of cautionary announcement

Further to the cautionary announcement dated 18 May 2009 shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of Petmin's securities. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
07 Jul 2009 11:05:23
(Official Notice)
The company is pleased to announce the appointment of Bruce Tanner as Financial Director to the board of Petmin with effect from 1 July 2009.



Exercise of Options

On 30 June 2009 Lebo Mogotsi and Bradley Doig (both executive directors) directly exercised 4 000 000 options each at an exercise price of 65 cps. The directors were compelled to exercise these options before they expired on 01 July 2009. Dawie Warmenhoven, who resigned as a director of the company on 28 February 2009, indirectly exercised 3 000 000 options at an exercise price of 65 cents per share. Johan Gloy (a director of a subsidiary company) directly exercised 1 000 000 options at an exercise price of 65 cps and 500 000 options at an exercise price of 45 cps. The options were awarded in terms of a share incentive scheme approved on 19 July 2005. Clearance was received in terms of rule 3.66 of the JSE`s Listings Requirements in respect of all the above transactions after confirmation had been obtained from the JSE.
18 May 2009 11:05:37
(Official Notice)
Further to the cautionary announcement dated 3 April 2009 shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin's securities. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
03 Apr 2009 16:03:08
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
02 Mar 2009 10:23:53
(C)
Revenue for the six months ended 31 December 2008 increased by R171 million or 54% to R490 million compared to the R319 million for the six months ended 31 December 2007. Gross profit was R115 million, an increase of R47 million or 69% compared to the R68 million in 2007. The increased revenue and profitability was as a result of strong performances from all the operations in the six months to 31 December 2008. Basic earnings per share decreased from 19.30c to 15.15c.
10 Feb 2009 08:44:22
(Official Notice)
Shareholders of Petmin are hereby advised that headline earnings per share for the six months ended 31 December 2008 are expected to be approximately 11 cents per share, up from 6.38 cents per share for the six months ended 31 December 2007, an increase in excess of 70%. Basic earnings per share for the six months ending 31 December 2008 are expected to be greater than 15 cents per share, down 22% from 19.30 cents per share for the six months ended 31 December 2007. It is anticipated that Petmin's results to 31 December 2008 will be published before 3 March 2009.
27 Jan 2009 17:05:40
(Official Notice)
River Group is authorised to announce that, the annual general meeting of Petmin held on 27 January 2009 was attended in person and by proxy by approximately 70% of the shareholders. All the resolutions proposed were approved by 89% or more of shareholders present or represented by proxy and will, where necessary, be registered with the Registrar of Companies.
23 Dec 2008 17:08:32
(Official Notice)
Shareholders are advised that the 2008 annual report was approved by the directors on 5 December 2008 and was posted to shareholders on 22 December 2008. The electronic version of the 2008 Annual Report will be available on Petmin's website.



Notice of annual general meeting

The notice of the annual general meeting, which will be held in the Petmin boardroom, 37 Peter Place, Bryanston, Johannesburg, on Tuesday, 27 January 2009 at 14H00, is included in the annual report.



No change statement

With regard to the audited results for the year ended 30 June 2008, shareholders are advised that the annual financial statements distributed to shareholders contain no material changes to the condensed consolidated reviewed financial statements which were published on SENS and RNS on 17 September 2008.
26 Sep 2008 08:05:33
(Official Notice)
Further to the announcement of 18 September 2008, the company announces that it has issued 750 000 common shares in the capital of the company at ZAR4.50 per share as consideration for the acquisition of a 30% interest in Petmin Logistics Proprietary Ltd (previously ZMS Logistcs Proprietary Ltd). The said shares are expected to begin trading on 26 September 2008 on AIM.
17 Sep 2008 11:42:27
(C)
Revenue for the year ended 30 June 2008 increased by R285 million or 74% to R667 million compared to the R382 million in 2007. Gross profit was R164 million, an increase of R108 million or 193% compared to the R56 million in 2007. Cash of R252 million (R75 million) was generated by operations before outflows from changes in working capital of R84 million (R42 million), tax R7.2 million (R4.5 million) and net finance expense of R3.8 million (R1.1 million).
10 Sep 2008 11:11:30
(Official Notice)
Headline earnings per share for the year ended 30 June 2008 are expected to be approximately 15 cents per share, up from 5.28 cents per share for the year ended 30 June 2007, an increase of 184%. Basic earnings per share for the year ending 30 June 2008 are expected to be greater than 70 cents per share, up 334% from 16.14 cents per share for the year ended 30 June 2007. The difference between the headline and basic earnings per share is due to the IFRS fair value valuation on acquisition of 25% of Veremo Holdings Ltd ("Veremo"), resulting in a share of profit of equity accounted investee of R303 million being recognised. As previously announced, Veremo is a large scale iron ore mining and pig iron beneficiation project situated in the province of Mpumalanga.



Renewal of cautionary

Further to the cautionary announcement dated 15 August 2008, shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made. It is anticipated that a further announcement and Petmin's results to 30 June 2008 will be published before 30 September 2008.
15 Aug 2008 08:04:56
(Official Notice)
Shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin`s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a further announcement is made.
04 Jul 2008 10:03:51
(Official Notice)
Further to the cautionary announcement dated 23 May 2008 shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
23 May 2008 13:03:26
(Official Notice)
Further to the press announcement of 6 November 2007, Petmin is pleased to announce that, following the fulfillment of the conditions precedent to the Transaction Petmin now holds a 25% interest in Veremo Holdings Ltd. The balance (75%) of the equity in Veremo is held by Framework Investments Ltd ("Framework"), a wholly owned subsidiary of Kermas Ltd (jointly "the Kermas Group"), a substantial indirect shareholder in Samancor Chrome Ltd, South Africa's second largest producer of ferrochrome. Petmin has settled the balance of its obligations in terms of the Transaction, through the payment of R4 275 000 in cash and the issue of the 7 077 586 new Petmin ordinary shares of ZAR0.25, at an average issue price of ZAR4.50 per share, representing a premium of 25% to the volume weighted average share price on 31 October 2007 being the date upon which the transaction was concluded. The company has applied for the shares to be admitted to trading on the JSE and AIM, which is expected to occur on Friday, 30 May 2008. The issue of the shares represents an increase of 1.34% in the issued share capital of Petmin and after the issue, Petmin will have 535 541 188 shares in issue.



Further to the cautionary announcement dated 23 April 2008, shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
23 Apr 2008 11:04:56
(Official Notice)
Further to the cautionary announcement dated 10 March 2008 shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin`s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.
31 Mar 2008 08:48:31
(Media Comment)
Business Report noted that January power cuts delayed about 70 000 tons of shipments from Petmin's mines. However, COO Bradley Doig said that "we'll probably be able to make that up". Doig did not expect power shortages to affect total shipments for 2008.
10 Mar 2008 13:00:52
(C)
Revenue for the six months ended 31 December 2007 increased by R147 million or 92% compared to 2006 and gross profit was R56 million, an increase of R32 million or 134%, as a result of the improved performance from the anthracite division emanating from the ramp up of production and sales at Somkhele and due to the improved performance from the Springlake Colliery. NAV per share increased 39.35c or 46% compared to 31 December 2006. Cash of R75 million (R30 million) was generated by operations before outflows from changes in working capital of R10 million (R48 million), tax R6.9 million (R2.0 million) and net finance expense of R1.6 million (R0.5 million).
20 Feb 2008 11:04:30
(Official Notice)
Petmin announces that the company?s headline earnings per share for the six months to 31 December 2007 are expected to be circa R0.065 per share, up from R0.0296 per share for the six months ended 31 December 2006, representing an increase of 120%. This growth in headline earnings per share was achieved as a result of the anthracite division delivering increased production from the Somkhele project which was successfully brought into production in June 2007, and because of an improved performance from the Springlake Colliery. Basic earnings per share for the half year ending 31 December 2007 is expected to be approximately R0.19 per share, up 118% from R0.087 per share for the six months ended 31 December 2006. The company expects to release its reviewed interim results on 10 March 2008.
20 Jul 2006 17:12:59
(Official Notice)
Shareholders are referred to the cautionary announcement dated 9 June 2006. Petmin wishes to announce that, based on the outcome of a comprehensive due diligence investigation pertaining to the transaction which envisaged inter alia a listing of Petmin's assets on a foreign stock exchange, Petmin has elected not to pursue the transaction. The cautionary in respect of the transaction is therefore withdrawn and caution is no longer required to be exercised by shareholders when dealing in their securities. Petmin's strategy is to become a multi-commodity company through organic and acquisitive growth. In order to achieve this strategy, the company requires access to diversified capital markets. Accordingly, Petmin has applied to the South African Reserve Bank for approval for a secondary listing on the Alternative Investment Market of the London Stock Exchange ("AIM"). Shareholders will be advised of the outcome of the application and of the process that will be followed to list Petmin on AIM.
09 Jun 2006 08:24:57
(Official Notice)
Further to the cautionary announcement dated 24 April 2006 shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
12 May 2006 13:24:43
(Official Notice)
At the general meeting of Petmin held on Friday, 12 May 2006, the ordinary resolutions proposed whereby Petmin issue 83 333 333 shares for cash to New Africa Mining Fund Nominees, other non- related party places and PSG Capital were approved by shareholders representing 100% of the votes in person or by proxy. The conclusion of this financing together with the finalisation of the R40 million asset based term loan of Standard Bank which is expected to be commissioned by the end of 2006 concludes the total financing required for the Somkhele Anthracite project. The JSE will list the shares on or before Monday, 22 May 2006
24 Apr 2006 15:51:26
(Official Notice)
In an announcement released on SENS and published in the press on 07 February 2006, Petmin shareholders were advised that Subject to the fulfilment of the suspensive conditions, Petmin would undertake a specific issue of shares for cash to raise R75 million at an issue price of 90c per new Petmin share. This will result in the issue of 83 333 333 new Petmin shares. New Africa Mining Fund Nominees (Pty) Ltd has agreed to exercise its rights to convert its historical loan of R40 million and subscribe for an additional R15 million new Petmin shares to the total value of R55 million, amounting to 61 111 111 new Petmin shares. PSG Capital (Pty) Ltd and another institution have agreed to subscribe for new Petmin shares in the amount of R10 million each amounting to 22 222 222 new Petmin shares. A general meeting of Petmin shareholders will be held at 10:00 on Friday, 12 May 2006 at Petmin's registered office in order to consider the ordinary resolutions required to give effect to the specific issue of shares for cash.



At the general meeting of shareholders held on 31 January 2006, the requisite majority of shareholders approved an ordinary resolution authorising the directors to issue up to 15% of company's issued share capital for cash in accordance with the Listing Requirements of the JSE. The directors have now resolved to issue on Monday, 24 April 2006, 8 000 000 shares at 120c per share being 10% discount to the 30 day volume weighted average of the Petmin share price up to the close of business on Friday, 21 April 2006 and representing R9 600 000 in total, to Noah Ltd. The 8 million shares will represent an 1.85% increase in the issued share capital of the company after the specific issue for cash.



Shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
13 Mar 2006 16:44:34
(Official Notice)
Further to the cautionary announcement dated 01 February 2006 shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of Petmin's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
27 Feb 2006 09:47:27
(C)
The interim financial statements have been prepared in accordance with International Financial Reporting Standards, and therefore first-time adoption of IFRS has been applied.



Revenue for the six months ended 31 December 2005 increased by R37.0 million to R57.6 million, compared to the same period in 2004. This reflects:

*the inclusion of the results of Samquarz for the full six months under review. The comparable period in 2004 included Samquarz's results for only three months, from acquisition on 24 September of that year. Samquarz contributed a profit of R4.591 million for the period under review, compared to R1.856 million for the three months in the comparable period in 2004;

*the inclusion of the results of Springlake for one month since acquisition on 30 November 2005. Springlake contributed revenue of R15.950 million in the month of December 2005. Springlake generated a profit of R1.355 million for the month of December.

Basic earnings per share were 18% higher at 17.64c and headline earnings per share were 109% higher at 2.34c (1.12c). Profit on acquisition of subsidiaries of R33.8 million generated on the acquisition of Springlake offset the dilutive impact on EPS of the increased number of shares in issue.



Additional issues of shares for cash of R75 million and increased debt funding to be obtained for the development of the Somkhele anthracite mine, are likely to have a dilutive effect on the future EPS of Petmin. This is expected to continue until the Somkhele mine is in full production during the second quarter of 2007 and its marketing targets and resultant revenue streams are realised.
06 Feb 2006 09:31:56
(Official Notice)
The group's headline earnings per share for the half year ending 31 December 2005 are expected to be approximately 2.34cps, up from 1.12cps for the six months ended 31 December 2004, an increase of 109%. Basic earnings per share are expected to be approximately 17.64cps, up from 14.9cps for the six months ended 31 December 2004, an increase of 18%. The difference between the headline and basic earnings per share is predominantly due to negative goodwill generated on the acquisition of subsidiaries. The reviewed financial results are expected to be published before 28 February 2005
01 Feb 2006 08:28:57
(Official Notice)
Petmin agreed to undertake a specific issue of shares for cash. The issue aimed to raise at least R60 million by issuing 66 666 666 new shares at 90cps. New Africa Mining Fund Nominees (Pty) Ltd agreed to subscribe for 44 444 444 shares amounting to a minimum of R40 million. PSG Capital (Pty) Ltd and another institution agreed to subscribe for new Petmin shares in the amount of R10 million each in the issue subject to:

*the total amount raised in the issue being not less than R60 million;

*regulatory approvals be obtained;

*requisite number of Petmin shareholders approve the issue in the general meeting.



At the annual general meeting, 82% of the Petmin shareholders were present in person or by proxy to approve the resolutions. All resolutions were passed unanimously and the resolutions in respect of the Petmin share option scheme and the change of name of Petra Mining Ltd to Petmin Ltd at the general meeting were also passed unanimously. The time table for the change of name would be as follows:



*Last date to trade in the old name shares -- Friday, 10 February 2006

*Trade in the new name of Petmin commences with the opening of trade on the JSE under the short name of "Petmin", under share code "PET" and with ISIN ZAE000076014 -- Monday, 13 February 2006

*Record date Friday, 17 February 2006



The company is currently involved in negotiations, including negotiations with an internationally listed company. If successfully concluded, it may have a material effect on the price of the company's securities and shareholders should exercise caution when dealing in their shares. .
20 Jan 2006 14:56:01
(Official Notice)
Petmin announced on 20 January 2006 that it entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Shareholders are advised to exercise caution when dealing in Petmin securities until the company issues a further announcement.
30 Dec 2005 12:37:12
(Official Notice)
Petmin will be holding a general meeting of shareholders ten minutes after the annual general meeting to be held at 10:00 on Tuesday, 31 January 2006 to approve a share option scheme for the directors and senior management, and to approve the change in the name of Petra Mining Ltd to Petmin Ltd. Details of the share option scheme and change of name are included in a circular to shareholders dated 29 December 2005. The short name of Petmin Ltd will be "Petmin" and it will trade under the share code "PET" with ISIN ZAE000076014.



Salient Dates and Times (2006):

*Last date for forms of proxy to be lodged in respect of the general meeting by 10:00 on Friday, 27 January

*General meeting to be held ten minutes after the annual general meeting on Tuesday, 31 January

*Announcement regarding the results of the general meeting released on SENS on Tuesday, 31 January

* Last date to trade in the old name shares on Friday, 10 February

*Trade in the new name of Petmin commences with the opening of trade on the JSE under the short name of "Petmin", under share code "PET" and with ISIN ZAE000076014 on Monday, 13 February

*Record date on Friday, 17 February
01 Dec 2005 08:29:39
(Official Notice)
15 Nov 2005 12:02:25
(Official Notice)
Shareholders are advised that negotiations are in progress which, if successfully concluded, may have a material effect on the price of the company's shares. Shareholders are advised to exercise caution when dealing in their Petmin shares until a further announcement is made.
04 Oct 2005 12:34:53
(Media Comment)
Petra Diamonds had struck an agreement with Mano River Resources in which it would buy it's shares for R394 million. Business Report noted that Petra Shareholders would own 76% of the enlarged group on completion of the transaction.
30 Sep 2005 09:21:20
(C)
Net operating profit was reported at R13.7m (R2.5m loss), while headline earnings increased to 3.24cps (0.27cps loss). Net profit attributable to ordinary shareholders was R28.3m (R238 000 loss). No dividend was declared.



Prospects

The directors believe that Petmin has over the last eighteen months acquired a quality asset base which has significant potential to grow. The company will however continue with its strategy to selectively acquire assets that fits its investment criteria to enhance Petmin's position as a premier BEE controlled junior mining company owning and managing high quality cash producing assets.
14 Sep 2005 08:03:34
(Official Notice)
Shareholders are advised that Petmin expects earnings per share and headline earnings per share for the year ended 30 June 2005 to be between 16cps and 19cps, compared to the forecast earning per share and headline earnings per share of 0.16cps as published in the revised listing particulars dated 27 August 2004. The primary cause of this increase is the accounting treatment of the acquisition of SamQuarz (Pty) Ltd, which was completed during the current financial year, under IFRS. The acquisition resulted in a fair value adjustment to the group`s income statement that caused an increase in the group`s earnings per share and headline earnings per share. The group`s preliminary results for the year ended 30 June 2005 will be published before the end of September 2005. The financial information on which this trading statement is based has not yet been reported on by the company`s auditors.
08 Sep 2005 10:36:19
(Media Comment)
According to Business Day, Petra Diamonds may buy Kalahari Diamonds which is partially owned by BHP Billiton. Should shareholders from Kalahari Diamonds agree to this, the shares bought will be financed by a 16.2 million share issue by Petra.

17 Aug 2005 09:12:33
(Official Notice)
Shareholders are referred to the acquisition announcement published on SENS and in the press dated 25 May 2005, whereby Petmin announced the acquisition of the entire issued share capital and claims on loan account in Springlake Holdings (Pty) Ltd (`Springlake`) for R108 236 000 to be settled by the issue of 175 810 000 Petmin shares at 60cps and R2 750 000 payable in cash. Conclusion of the due diligence review and the Competent Person`s Report Referring to paragraph 4 of the announcement, the due diligence review and Competent Person`s Report have now been completed. The fair value of the Springlake mining assets has been confirmed by KPMG and Snowden Mining Industry Consultants (Pty) Ltd (`Snowden`) at R150.6 million, and the cost of the Springlake acquisition, including estimated transaction costs, is R113.2 million. Included in the acquisition cost is a contingent payment of R26.5 million payable if the profit warranty of R53.6 million for the 28 months from 1 March 2005 to 30 June 2007 is met.



In the announcement details were given regarding the establishment of an anchor Black Economic Empowerment (`BEE`) consortium. Popcru Mining Investment (Pty) Ltd (`POPCRU`) has acquired 8 333 333 shares in Petmin. POPCRU has in excess of 80 000 Historically Disadvantaged South African members. A circular to shareholders containing details of the Springlake acquisition is currently being prepared and will be circulated to shareholders within 21 days of this announcement. Shareholders need no longer exercise caution when dealing in the company`s securities.
25-Jan-2016
(X)
Petmin is a high-growth multi-commodity mining company that generates cash from operations and pays a dividend to shareholders. It is geographically diversified with mining operations in South Africa, and a development project in Canada and South Africa.

Petmin is focused on commodities that support the steel value chain and are required for urbanisation and infrastructure growth. It is South Africa?s leading producer of metallurgical anthracite, and is developing a high-potential iron sands to pig iron project in Canada. Petmin is listed on the JSE Ltd.

Petmin?s corporate and operational management teams have a substantial stake in the business and a track record of delivering value to shareholders through operational efficiency combined with well-timed acquisitions and disposals. Petmin runs a decentralised management model with operational teams empowered by the executive to deliver.


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