Kore Potash Ranks 6th On JSE’s Fast-Track Listings
Kore Potash is an advanced stage mineral exploration and development company whose primary asset is an equity interest in the Sintoukola Potash project located close to the coast in the Republic of Congo. The company has a primary listing on the Australian Stock Exchange as well as an AIM listing. Inward listings allow foreign companies listing on the JSE to be classified as domestic assets, enabling them to attract increased investment from South African investors, the company said in a statement.
David Hathron, chairman of Kore Potash, said that the JSE was the ideal market to support the next phase of the company’s growth: “As Kore Potash nears the development stage, we 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.”
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 are already listed on the ASX, (LSE).
“South Africa has a strong and established community of analysts that truly understands the technical and business aspects of the mining sector across all of Africa, as well as the nature of its capital needs,” stated Donna Nemer, director of Capital Markets at JSE.