ABOUT US A COMPANY WITH MERIT
Lurco acquires and operates quality assets, focused specifically on the beneficiation of raw minerals, the supply of coal and chrome products to local and international power utilities and smelters and the distribution of refined end-products. Headquartered in Johannesburg South Africa, Lurco operates with integrity, transparency and collaboration, ensuring that all business decisions are based on a deep, functional knowledge of mining and deal-making. This approach is underpinned by leveraging local sector and legislative insight, driving socio-economic development as well as building, and maintaining, strategic partnerships with both investors and communities.
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Lurco is the leader in mining optimisation for the improvement of human lives. We innovate to create long-term value for ourselves, our stakeholders, partners, employees, customers and the communities that host our operations.
To unlock Southern Africa’s immense mineral potential through a strategy of innovative deal structuring and first in class pit-to-port solutions. We compete globally as a reliable and trusted partner to both local and international resources clients.
About Our Structure
Lurco operates and participates in projects across the Southern African region, through an experienced and flexible leadership team, existing export networks, unique deal structuring and sustainable partnerships. Lurco Group comprises the below subsidiaries:
ABOUT US OUR HISTORY
The idea for Lurco evolved out of a shelving company venture, a chance meeting of like minds and a shared Coca-Cola. Founders Ellington Nxumalo - an entrepreneur turned mining guru - and Aubrey Chauke - an accountant with a passion for business and development - crossed paths when an opportunity came around to supply coal to hospitals. Realising the synergies each brought to the partnership as well as the extensive knowledge each shared on the extractive and energy sectors, applications for mining rights began. Along the journey the duo purchased a shelf company called Lurco, which then resulted in the establishment of Lurco Coal (keeping the same name as it had already resonated with the market and had a certain ring to it).
The future of Lurco was truly solidified when Ellington and Aubrey were driving back from a particularly challenging extractive project. Sipping on the same Coca-Cola, both acknowledged the successes gained, the lessons learnt and the potential opportunity that lay before them. To grow a truly sustainable business, enhancing sector development and transformation, and harnessing the full potential of energy in action. These factors - as well as an overarching focus on socio-economic impact - are still what drives the Lurco of today and the Lurco of the future.
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