Introduction

YZERMYN – ATHA-AFRICA VENTURES

 

Atha-Africa Ventures (Pty) Ltd (A-AV) is a subsidiary of Atha Group, India, and is the flagship Company of the Group in South Africa. AAV has a registered office in Sandton, Johannesburg, with a dedicated team.

A-AV has a registered office in Sandton, Johannesburg, with a dedicated team of highly qualified geologists and mining engineers. The Group’s presence in South Africa is growing with strategic interest in the minerals and power sectors. Other focus areas in the greater Southern African region include greenfield ventures and strategic investments in iron ore and other coal assets, which can cater for the Asian market..

AAV’s  coal asset, Yzermyn UG Coal Mining project , was granted  its mining right by DMR in April 2015.  Investment into this project by Atha Group was largely driven by free trade agreement, the BRICS (Brazil, Russia, India, China and South Africa) association and other bilateral agreements inviting Indian companies to participate and invest in specific sectors such as mining and beneficiation in South Africa.