Pallinghurst Resources, the parent company of Fabergé Ltd., and Gemfields, will begin trading on the Johannesburg Securities Exchange Wednesday, the Dow Jones news service reports.
The Guernsey-based company, which listed on the Bermuda Stock Exchange last September, in a statement Friday said the JSE will become its primary regulator, the news service reports.
Pallinghurst, an investment fund chaired by former BHP Billiton Ltd. chief executive Brian Gilbertson, said the South African listing would enhance the liquidity and tradability of its shares, appeal to a broader set of prospective investors, and increase the company’s profile, according to the report.
Pallinghurst targets investments in businesses that hold mines, smelters, refineries, and processing plants. It owns sizable stakes in luxury brand Faberge and London-listed gemstone producer Gemfields Resources PLC, which invests in and operates gem mines in Africa, including the Kagem emerald mine (pictured) in Zambia.
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