South Africa: Big Tree Copper to raise $18m with AltX listing

By Xolisa Phillip
Posted on Friday, 17 June 2022 11:27

Cape Town's planned new stock exchange is betting that the Johannesburg bourse has become too big to serve small companies. REUTERS/Siphiwe Sibeko.

“People … [must] cast their eyes to the Northern Cape, it’s going to become the next metals province of South Africa,” says Jan Nelson, CEO, Big Tree Copper.

“You’re going to see more companies [coming into the Northern Cape] and a lot of development,” he says. “I think it’s going to become the next economic hub of South Africa. Watch out – we’re going to list.”

Big Tree Copper, South Africa’s only premium copper producer, operates a processing plant in Nababeep, an old mining town in the Northern Cape that lost its shine with miners Newmont and Gold Fields in the mid-2000s, when the price of copper bottomed out.

The green economy – and copper’s essential role as a component in wind turbines, solar, and electric vehicles (EVs) – is fuelling the metal’s resurgence and a rebound in its price.