Company Overview

Shaft Sinkers Holdings plc is a London Stock Exchange-listed South African developer of vertical and decline shafts for underground mines and infrastructure.

The Group specialises in the sinking of particularly deep or wide vertical shafts and is one of the pre-eminent sinkers of such shafts in the South African market. In 50 years it has sunk in aggregate over 165 kilometres of vertical shafts worldwide and excavated over 400 kilometres of tunnelling, including the deepest ever man and material South African shaft (3,131 metres).

Current customers include Impala Platinum Limited in South Africa, OJSC MHK EuroChem in Russia, and Teesta Urja Limited in India. As at 30 June 2011, the Group had a committed order book with a future revenue value of £425.3 million, based on exchange rates then in force, extending over the period to 31 December 2014.

In 2010, the Group had revenues of £183.1 million (2009: £147.9 million), and profit from operations of £18.0 million (2009: £14.3 million). 

The Group listed on the London Stock Exchange on 23 December 2010, raising approximately £30.6 million to buy out minorities and to build on existing strengths and expand into new industries and geographies, particularly the CIS and India.