DRC-focused Kore Potash lists on the JSE

JOHANNESBURG, (CAJ News) – KORE Potash, the Democratic Republic of Congo (DRC)-focused minerals company, has attained secondary inward listing on the Main Board of the Johannesburg Stock Exchange (JSE).

On Thursday, the company listed in the “General Mining” sector, becoming the sixth international company to make use of the JSE’s fast-track listing process.

“The JSE started out funding the development of mines near Johannesburg,” said Donna Nemer, Director: Capital Markets at the JSE.

“Today we are proud to be able to connect investors with global miners, like Kore Potash, who seek to raise capital to develop assets on the African continent.”

Kore Potash made use of the JSE’s fast-track listing process which greatly reduces the time and costs associated with listing on the JSE for companies which have been listed on the Australian Securities, London Stock Exchange, New York Stock Exchange and the Toronto Stock Exchange for a period of at least 18 months.

David Hathron, Chairman of Kore Potash, said the JSE was the ideal market to support the next phase of the company’s growth.

As Kore Potash nears the development stage, it will benefit from the JSE’s strong base of South African investors, many of whom have a strong understanding of large-scale African mining projects.

“As the only potash producer listed on the JSE, we look forward to keeping our new South African shareholders updated on our progress as we move towards completion of the Definitive Feasibility Study on Sintoukola in
the third quarter of this year,” Hathron said.

The listing brings the total number of mining companies on the JSE to 45.

The sector has a total market capitalisation of R2,3 trillion and contributes 16 percent to the JSE’s overall market capitalisation.
– CAJ News

Short URL: http://cajnewsafrica.com/?p=25771

Posted by on Mar 29 2018. Filed under Africa & World, Featured, Finance, Mining, Mining & Engineering, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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