HULAMIN LIMITED - Hulamin secures long term slab supply from Bayside

Hulamin secures long term slab supply from Bayside

Hulamin Limited 
(Incorporated in the Republic of South Africa) 
(Registration number 1940/013924/06) 
Share code: HLM 
ISIN: ZAE000096210 
(“Hulamin”) 
 
HULAMIN SECURES LONG TERM SLAB SUPPLY FROM BAYSIDE 
 
Shareholders are advised that Isizinda Aluminium (“Isizinda”) today announced the 
acquisition (“the acquisition”) of the Bayside casthouse in Richards Bay, KwaZulu Natal from 
BHP Billiton The effective date is expected to be 1 April 2015, subject to Competition 
Commission approval.  
 
Isizinda (meaning Hub in isiZulu) is a strategic partnership between Bingelela Capital and 
Hulamin. Bingelela Capital, a KZN based BEE group, owns a majority 60% stake in Isizinda. 
Hulamin holds 40% and will also provide managerial, technical and administrative support to 
Isizinda in terms of a strategic operator agreement. 
 
Isizinda has concluded a groundbreaking five year metal supply agreement with BHP Billiton 
that will see liquid metal supplied by the nearby Hillside smelter directly to the Bayside 
casthouse. Hulamin in turn, has concluded a matching slab offtake agreement with Isizinda, 
with an estimated value of more than R10 billion over the five year period.  
 
Isizinda is evaluating further phases of development to expand the Bayside casthouse to 
support the anticipated growth of the downstream aluminium industry in South Africa. 
 
David Austin, Acting CEO of Hulamin commented: 
 
“We are really excited about the transaction which was only made possible by all parties’ 
close co-operation. Not only will it secure our rolling slab supply from Bayside for the next 
five years and beyond but it will also see the creation of an aluminium hub in Richards Bay. 
This hub has the potential to supply liquid metal and/or castings to other manufacturers in 
the South African aluminium industry thereby stimulating growth in downstream 
beneficiation.”   
 
BHP Billiton will continue to operate the Bayside casthouse and to supply slab to Hulamin on 
an interim basis, until Competition Commission approval is granted and the acquisition is 
implemented. 
 
Refer to www.hulamin.com and www.isizinda-aluminium.co.za for more information. 
 
Conference call 
 
Hulamin management will host a conference call at 11.00 today to discuss the acquisition. 
Dial +27 11 535 3600. 
 
Playback of the call will be available for three days. Dial +27 11 305 2030 pin 33474. 
 
 
Enquiries 
 
CapitalVoice 
 
Johannes van Niekerk             T +27 82 921 9110 
 
 
Pietermaritzburg 
24 November 2014 
 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
 
 

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