Asa Resource is a pan-African, multi-commodity mining and exploration company. The Group has a portfolio of diversified interests in precious and base metals: gold, nickel, copper and diamonds. Its primary operating activities are in Zimbabwe and it operates exploration interests in the Democratic Republic of Congo (DRC), South Africa and Angola.
Asa Resource Group plc has been listed on London Stock Exchange’s AIM market since 2005. Bindura Nickel Corporation is quoted on the Zimbabwe Stock Exchange’s (ZSE) where the Group holds a 76.3% controlling interest.
Formerly known as Mwana Africa plc, under new leadership and a refocused strategy, the group changed its name to Asa Resource Group plc in 2015. The group benefits from having strong links with China through its shareholder base and maintains good inter-governmental relationships with several African states.
The group and its subsidiaries have an excellent track record of working in African countries, engaging with governments and supporting the local communities.
The Group has undergone a root and branch reform in the last few years. The restructuring plan that started in 2015 has been organisational, financial and operational. The long-term strategy is to organize our portfolio along strict commodity lines. For example, the group has a gold operation in Zimbabwe and major exploration interests in the DRC — these are being brought together under a division known as Asa Gold. The same applies to our interests in nickel, diamonds and copper.
While our mining activities are currently mainly in Zimbabwe, it is our intention to diversify geographically within Africa, by bringing our other interests in DRC and South Africa on stream.
The group’s business model is underpinned by the following strategic objectives:
At Group level, our aim is to have production and exploration assets in a range of commodities including nickel, gold, copper and diamonds. Over the longer-term, we aim to create single commodity exposure such as Asa Gold to unlock the considerable value of these assets whilst enhancing the overall market cap of the group.
We are a trusted and sustainable company, supporting the local communities to have safe and healthy working conditions. We continue to seek JV partners to release the value of our exploration assets.
Sound financial management
Notwithstanding the issue at FRGM in April 2017, the company has fostered sound financial management principles at its mining operations and across the Group.
As shareholders have seen in the past, the non-executives Directors set the highest possible standards in corporate governance; to promote transparency, openness and integrity across the entire business.