Mitsubishi Corporation

(MC) (through HFSA BV, 100% SPV) (50.975%)
Mitsubishi Corporation is the largest Japanese trading firm listed on the Tokyo Stock Exchange, with a worldwide group network consisting of more than 350 consolidated subsidiaries and 200 affiliates in 75 countries. Investment in the Energy and Natural Resources sector is one of the focused business areas of MC and Hernic is one of the strategic investments on the African continent as well as the Mozal project in Mozambique. As the majority shareholder, MC provides some of the management functions as well as the marketing function in Asia as one of the exclusive distributors for Hernic.

Industrial Development Corporation of South Africa

(IDC) (21.250%)
Industrial Development Corporation is a self-financing, state-owned national development financial institution with the aim to promote economic growth and industrial development in South Africa. IDC provides Hernic with investment expertise.

ELG Haniel GmbH


ELG Haniel GmbH is a leading company for the worldwide trading and processing of raw materials for the stainless steel industry. ELG provides the marketing function mainly in Europe as one of the exclusive distributors for Hernic.

International Finance Corporation

(IFC) (5.000%)
International Financing Corporation is a member of the World Bank Group, providing investment and advisory services to assist the private sector in developing countries.

Mmakau Mining

(through Sayora Minerals (Pty) Ltd, 100% SPV) (6.500%)
Mmakau Mining is a South African mining group with interests in coal, platinum, gold, chrome, vanadium, uranium and mining services.

Matlapeng Resources (PTY) Ltd.

(through Matlapeng Chrome (Pty) Ltd , 100% SPV) (6.500%)
Matlapeng Resources is a South African based company providing metal,mining and exploration services.

Kgare Resources (PTY) Ltd. and Kgare Broad Based Socio Economic Empowerment Trust

(through Kgare Broad based Socio Economic Empowerment trust Company (PTY) Ltd, 100% SPV) (2.000%)
Kgare Resources is a broad-based women' s group based in the North West Province and Kgare Broad Based Black Economic Trust benefits broad based black woman and community beneficiaries in the North West Province.

Board Members

Chairman of the Board

  • R Havenstein

Non-executive Directors

  • Y Doida *
  • Y Uno *
  • Y Tanaka*
  • AC Fourie
  • MP Zambane
  • N Spaeker**
  • D Drafz**
  • MC Matjila

* Japanese ** German

© 2009 Hernic Ferrochrome (Pty) Ltd. All Rights Reserved