About us
Our History
The Group’s original operating company, Rossal (then known as Shaft Sinkers (Pty) Limited), was incorporated in 1961 as a subsidiary of Anglo American Limited.
In 2001, a controlling interest was sold to AMCO Investments Limited. In 2004, Capstone (a subsidiary of Mmakau Mining) acquired a 25 per cent. interest in Rossal. In 2007, through a series of transactions, Capstone acquired the entire issued share capital of Rossal with IMR acquiring a controlling 54 per cent. interest in Capstone, Holgoun acquiring a 10 per cent. interest in Capstone and Mmakau Mining holding the remaining 36 per cent. interest.
“In 2010 the Group was admitted to the premium listing segment of the Official List of the Financial Services Authority and to trading on the London Stock Exchange. Shareholders in the group are now as detailed on the Major Shareholders page.”
Key milestones in the Group’s development are summarised below
1961
The Group’s original operating company is incorporated as a subsidiary of Anglo American Limited.
2001
Sale by Anglo American Limited. AMCO Investments Limited acquires a controlling interest in Rossal.
2004
Capstone (then a subsidiary of Mmakau Mining) acquires a 25 per cent. interest in Rossal.
2007
March 31: Capstone becomes the holding company of the Group, subsequently raising its ownership to 100 per cent. of Rossal. IMR agrees to acquire a controlling 54 per cent. interest in Capstone’s equity with the balance held as to 36 per cent. by Mmakau Mining and 10 per cent. by Holgoun. The three parties enter into the Capstone Shareholders Agreement.
September: Chris Hall joins the Group as Chief Financial Officer
2008
July: EuroChem awards the Group a major contract at Volgakaly in Russia
September: Teesta awards the Group a significant contract in India
2010
July: The Group completes three million fatality free shifts in South Africa
September: The Group completes one million fatality free shifts across all operations internationally.
December: Listing on the London Stock Exchange.