After a decade of contraction, Mintek, the minerals technology group, has been able to restructure and reinvent itself and it is poised to enter a new period of expansion and growth to take up a wide range of new opportunities.
Mintek had become a global leader in gold beneficiation technology and was making rapid inroads in other commercial applications of minerals processes.
In 2001/02, Mintek achieved a surplus of R21 million despite the projected revenue of R206 million not being achieved, mainly because of the depressed minerals sector. Actual revenue for the year was R191 million while expenditure was cut by 10.9 percent to R173 million compared with the projected R194 million. Surplus had been achieved due to sharp cost cutting and productivity improvements.
To better promote its mineral beneficiation projects, Mintek had established a new dedicated company, Minerals Development Company, which would enter into joint ventures with private sector partners and set up special purpose vehicles with mines. ©