PGM Investment Programme - Overview

The PGM Investment Programme ("the Programme") is an initiative of Anglo American Platinum Limited to increase the use and application of PGMs (platinum group metals) in the global environment by investing in entities that either support PGM product development or use PGM technology in their products or processes.

The Programme provides capital for further PGM market development and beneficiation by focusing on partnering innovators / entrepreneurs in PGM technologies at various stages of development.
Platinum group metals include palladium, rhodium, ruthenium, iridium and osmium. Nickel, copper, other base metals and gold are by-products of the mining process.

The Programme contributes capital and in some cases access to proven technologies in return for an equity participation in a venture based in South Africa. The entrepreneur will be required to contribute leadership (to build and lead a motivated management team), operational skills (technical, manufacturing, marketing and distribution, etc.), a well thought out business plan. Douglas Investments was appointed by Anglo American Platinum Limited to manage the assessment of opportunities, structuring of the investment, deployment of capital and on-going management of the investments made.

The Programme seeks to generate market-related risk-adjusted returns as well as value beyond financial returns in the long-term local development of PGM technologies.

The PGM Investment Programme was officially launched on 23 July 2009 at a function hosted by Anglo American Platinum Limited, the Department of Science and Technology and the Department of Mineral Resources. More information on the Programme and investments made to date can be found on their website.