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ABOUT US

Lurco seeks, acquires, beneficiates, trades and supplies energy coal and base metal resources; driving investment, impact and relative returns.

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.

Lurco Chrome rock image

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Our Vision

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.

Our Mission

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:

Lurco organisational structure 2

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.

CURRENT ASSETS

VAN DYKSDRIFT KEY PROJECT STATS

VAN DYKSDRIFT

PROJECT STATUS
PRODUCTION PER ANNUM
LIFE OF MINE
LOCATION
PRODUCT CV / K-CAL
MARKETS
INFRASTRUCTURE

> In operation
> 1 440 000
> 7 years
> Witbank, Mpumalanga
> 4800
> Local / Export
> Springbok Siding: Lurco Group owned, SA Port: RBCT, TCM, Navitrade, Maputo Main Port, SA Railway: TFR

Springbok Siding Key Project Stats

SPRINGBOK SIDING

PROJECT STATUS
INVESTMENT
LOADING CAPACITY
LOCATION
INFRASTRUCTURE

> In operation
> R15 million
> from 60 000 - 80 000 tonnes
> Van Dyksdrift, Mpumalanga
> Siding, leased from Transnet Freight, Comprises two pads, the newest (with a storage capacity of 25 000 tonnes) was developed by Lurco to allow for multiple users and products 

MOOINOOI KEY PROJECT STATS

MOOINOOI

PROJECT STATUS> Community dumps, Samancor and Lomin feed currently being sourced
RESERVES> Based on buy-in from other sources at R160 delivered to the site
CAPACITY> 50t/hr
LOCATION> Elandskraal, North West
PRODUCT CV / K-CAL> Chromite 40% - 48%
MARKETS> Export
INFRASTRUCTURE> Drum plants
> 2 x washing plants

explore the Lurco journey

Lurco Journey Infographic

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LURCO TEAM

the founders

Ellington Nxumalo Chief Executive Offcer (CEO) and Co-Founder Lurco

Ellington Nxumalo

(CEO) and Co-Founder

Aubrey Chauke Chief Operating Officer (COO) and Co-Founder Lurco

Aubrey Chauke

(COO) and Co-Founder

executive team

David Chadinha Chief Financial Offcer (CFO) Lurco

David Chadinha

Jenny Thanarayen Executive: Human Resources and Corporate Affairs Lurco

Jenny Thanarayen

HR and Corporate Affairs

Jack Mogano Executive: Operations Lurco

Jack Mogano

Executive: Operations

Richard McDonald Executive: Commercial Lurco

Richard McDonald

Executive: Commercial