Who
WE ARE
Our
Story
Brikor, which listed on the AltX in August 2007, is a manufacturer and supplier of building and construction materials used across a broad spectrum of application from low-cost housing to residential, commercial, industrial, civil engineering and infrastructure projects.
The Brikor Group operates through two segments, Bricks and Coal, and is based in Nigel, Gauteng.
The Brikor Group operates through two segments, Bricks and Coal, and is based in Nigel, Gauteng.
The BRICKS SEGMENT, comprising Plant 1 and Plant 3, manufactures and supplies building and
construction materials for projects ranging from low-cost housing to residential, commercial,
industrial, civil engineering and infrastructure, through two manufacturing and beneficiation plants.
Semi-face clay and stock bricks are manufactured with production capacities in excess of 150 million
bricks per annum. The Bricks segment procures clay from the Coal segment.
The COAL SEGMENT comprises of the Vlakfontein mine owned by a subsidiary of Brikor, Ilangabi
Resources (Pty) Ltd, and Grootfontein mine owned by Brikor Limited as well as Kopanela Mining
(Pty) Ltd (a broad-based black ownership vehicle established to secure future prospecting and
mining rights and in which Brikor has a 70% shareholding). Mining at Grootfontein will be ramped up
as Vlakfontein approaches the end of the life of the mine. In June 2023, Brikor entered into a
Contract Mining and Coal Purchase Agreement (“Agreement”) with Ilangabi Colliery (Pty) Ltd
(previously TCQ Mining (Pty) Ltd), a subsidiary of Nikkel Trading 392 (Pty) Ltd who now owns 84,25%
of the total issued securities in Brikor Limited.
ZINGARO – Brikor has a 40% shareholding in Zingaro Holdings (Pty) Ltd (“Zingaro”). Zingaro primarily
operates in South Africa and specialises in providing logistic and related services. Zingaro is an
associate company of Brikor Limited.
Our
Purpose
We exist to build our region’s future by manufacturing
and supplying high-quality building, construction and
mining materials to the market.
and supplying high-quality building, construction and
mining materials to the market.
Our
Values
Our
Vision
To be a leading market player in the mining and construction sectors by ASPIRE-ing to meet the needs of our current and future customers through tailoring our offerings to add value to their endeavours and create value for our stakeholders.
Our
History
1994
- In August, Garnett Parkin I forms Marievale Brickworks.
- Garnett Parkin I and Garnett Parkin II build a brick factory that initially produces 15 million bricks per annum.
- PME is formed, acquiring a fleet of two trucks and three trailers responsible for farming operations, transportation of clay and coal, as well as the distribution of bricks.
1996
- Garnett Parkin I passes away and Garnett Parkin II acquires the entire issued share capital of both companies.
1998
- In July, Basfour (Pty) Ltd is incorporated as a private company and acquires factory land in Nigel. A second brick plant with a production capacity of 14 million bricks per annum is
commissioned.
1999
- Marievale Bamford is formed.
2000
- In March, Marievale Bamford purchases land and plant in Olifantsfontein, where the Group’s third brick plant, with a gasfiring tunnel kiln with a production capacity of 16,7 million bricks per annum, is commissioned.
- PME acquires further land in Rayton to supply clay to the brick plant in Olifantsfontein.
2001
- In November, Basfour (Pty) Ltd changes its name to Brikor (Pty) Ltd. All brick manufacturing and sales operations are consolidated into Brikor.
2002
- Coal underlying the clay deposits is commissioned, ensuring that the Group becomes self-sufficient in the supply of coal.
2007
- In May, Brikor is converted to a public company.
- In August, Brikor lists on the AltX of the JSE.
2015
- In January, Garnett Parkin II, CEO of Brikor, tragically passes away in a motor vehicle accident. Garnett Parkin II’s legacy is continued through the appointment of his son, Garnett Parkin
III, as CEO, and the loyal support of Brikor’s management and staff.
2020
- In October, Kopanela Mining (Pty) Ltd is established as a broad-based black ownership vehicle to secure future prospecting and mining rights.
2021
- On 3 March 2021, Brikor acquires a 40% shareholding in Zingaro Holdings (Pty) Ltd (“Zingaro”), a transport company with a fleet of more than 100 specialised vehicles. Zingaro also specialises in providing turnkey services for mine activities, such as loading, hauling, stockpile management and haul road maintenance by using a wide range of specialised trucks and earth-moving equipment. Its specialised vehicles include tipper, low-bed and flat-deck trucks as well as various plant and mining equipment.
2022
- On 6 June 2022, Brikor celebrated the launch of Kopanela Mining by breaking ground on the Grootfontein mine in Nigel. Situated adjacent to Ilangabi, Kopanela Mining will create new jobs and ensure the Group’s sustainability and further enhance its own synergies to increase production further, with an estimated production of 50 000 tonnes of coal per month. The DMRE has granted mining rights for 30 years.
2023
- Contract Mining and Coal Purchase Agreement
Brikor enters into a Contract Mining and Coal Purchase Agreement with TCQ Mining (Pty) Ltd (name subsequently changed to Ilangabi Colliery (Pty) Ltd) (“Ilangabi Colliery”), a subsidiary of Nikkel Trading 392 (Pty) Ltd, Ilangabi Investment 12 (Pty) Ltd (name subsequently changed to Ilangabi Resources (Pty) Ltd) (“Ilangabi Resources”) and Kopanela Mining (Pty) Ltd (“Kopanela”), a subsidiary of Brikor Limited in terms of which:- Ilangabi Colliery will provide contract mining services to Brikor; and
- Brikor, Ilangabi Resources and Kopanela will sell all coal mined by Ilangabi Colliery in, on or
under the Grootfontein Mining Area and the Vlakfontein Mining Area,
as approved by shareholders on 18 October 2023.
- Acquisition of securities and offer to minority shareholders
During 2023, Nikkel Trading 392 (Pty) Ltd enters into written agreements with some of the major Brikor shareholders and acquires further shares in Brikor, following due process and obtaining the necessary regulatory approvals, leading to Nikkel Trading 392 (Pty) Ltd owning 68,01% of the entire issued share capital of Brikor in October 2023, thereby triggering a mandatory offer to the remaining shareholders of Brikor for a cash offer consideration of 17 cents per Brikor ordinary share.
2024
Mandatory offer to shareholders closes on 19 January 2024, resulting in Nikkel Trading 392 (Pty) Ltd owning 706 186 221 Brikor ordinary shares, which represents 84,25% of the entire issued share capital of Brikor.