Fair Value: 1092
% of Fund Value: 8.9
An explorer, mine developer and miner of fertilizer feed minerals listed on the London Stock Exchange AIM Board.
Elandsfontein is South Africa’s largest known sedimentary phosphate deposit. Kropz South Africa has developed a state-of-the-art phosphate mine, producing up to 1,5Mtpa of 32% P2O5 phosphate rock from an automated processing plant.
Elandsfontein is well-positioned for domestic and export logistics, ensuring timely supply. Kropz has dedicated warehousing, ship berthing and loading facilities at the deepwater Port of Saldanha, which is located just 40km from the mine via a national freight road.
The value of the company is R423m. The ARC Fund’s effective interest in Elandfontein will be 25%.
News related to Kropz Group
Kropz enters into R550m convertible facility agreement
Aim-listed emerging African phosphate producer and developer Kropz has entered into a new conditional convertible equity facility of up to R550-million – about $31.6-million – with major shareholder African Rainbow Capital (ARC) Fund to progress the ramp-up of operations at
Kropz makes first drawdown from ARC equity facility
Aim-listed Kropz on June 2 received approval from the South African Reserve Bank for a R177-million equity facility with African Rainbow Capital (ARC) Fund. In May, the emerging African phosphate explorer and developer announced that it had entered into a
Patrice Motsepe’s ARC continues to bet on SA: ‘Still huge opportunities here’
Bruce Whitfield interviews co-CEO Johan van der Merwe about African Rainbow Capital’s year-end results and future plans. Patrice Motsepe’s African Rainbow Capital (ARC) has posted its results for the year ended 30 June 2021. The company’s intrinsic portfolio value increased by
African Rainbow Capital’s portfolio expands on back of fair value gains
JSE-listed African Rainbow Capital’s (ARC’s) intrinsic portfolio value increased by 16.3% from R10.55-billion as at June 30, 2020, to R12.27-billion as at June 30, this year. Net fair value gains accounted for R909-million of the increase and net investments for
Rain continues exponential growth while TymeBank feels lockdown effects, says ARC
Patrice Motsepe’s African Rainbow Capital (ARC) Investments says its mobile data operator Rain is working on connectivity issues as its footprint expands exponentially. When ARC presented its 2020 financial results in March, it said that Rain had started generating profit
TymeBank grows customer base to 2.5m, Rain banks on new CEO
TYMEBANK said on Tuesday that it was tracking slightly behind its projections to attract clients, largely due to the national lockdown and sustained financial pressure on consumers even though it managed to grow its customer base to 2.5 million by
TymeBank set to hit two-million-customer milestone ahead of schedule
By Martin Creamer JOHANNESBURG (miningweekly.com) – Fully-digital retail finance house TymeBank is poised to achieve its two-million-customer milestone three months ahead of schedule, African Rainbow Capital (ARC), its majority shareholder, stated on Friday. Following its official launch in February