ata-about-sliders-bg-grey ATA FUND I INVESTMENTS
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TRANSACTION CLOSE DATE

23 April 2020

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LOCATION

South Africa

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SECTOR

Mining Services

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SHAREHOLDING

25%

Sector: Mining Services

Type: Ultra-fine Mineral Recovery Corporation Proprietary Limited

Established: 2013

Innovation: The technology processes current arising and/or historic tailings sustainably and allows recovery of valuable oxide mineral particles finer than 110 microns – a valuable innovation to the industry

Status: Innovative new tech company that promotes efficiencies and decreases the waste footprint in the extractive sector  

Co-investors: Acrux Resources, DRA Global and Kupferberg

Why we invested

  • The technology will revolutionise the extractive sector and boost resource owners’ ESG scorecards in multiple ways:
    • Efficient mineral resource extraction and mine sustainability optimisation
    • Removal of oxide minerals from tailings dams
    • Positive impact on groundwater quality over time
    • Reduction in tailings dam footprint due to reduced final deposit mass
    • No chemical usage
    • Upcycling of soil derived from the InverSepTM plant tailings for agriculture
    • Improved tailings disposal allowing for improved mine rehabilitation
    • Reduced energy use due to improved operational efficiencies (overall reduction in carbon footprint)
    • Employment opportunities for local communities
    • Increased economic stability throughout the commodity cycle translating into employment security
  • Extensive market opportunities to implement the technology – chrome, tin & other minerals

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