Our History and Milestones

The Reclamation Group (Pty) Ltd ("Reclam”) traces its origins to a metal recycling business co-founded by David Kassel in 1970.

In late 1998, Reclam was established to form a market leader that would have the size and scope to create economies of scale and operating efficiencies in the South African recycled metal processing industry.

Between 1998 and 2000, Reclam acquired a number of businesses involved in the production of recycled ferrous and non-ferrous metal products.

By 2000, Reclam achieved a leading position in the recycled ferrous and non-ferrous metals markets, expanding its operations by diversifying into other products that could benefit from similar economies of scale and operating efficiencies.

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In 2000, Reclam identified growth opportunities in Southern Africa and established operations in Botswana, Kenya, Malawi, Mozambique, Swaziland, Zambia and Zimbabwe.

In 2003, Reclam concluded its first Black Economic Empowerment ("BEE”) transaction pursuant to which 25% plus one share of the equity was sold to Phamangu Investment Holdings in a transaction partly funded by the Industrial Development Corporation of South Africa.

During 2005, the Company expanded its business into semi-finished products and primary raw material equivalents as part of the strategy to add value to its wide range of recycled products it produces.

Today, Reclam’s business can be considered as "above-the-ground” mining. Reclam beneficiates basic commodities that are sold to the same customer base as that of the mines. The only difference is that its raw material is a secondary or recycled material relative to "virgin” material which is beneficiated from an ore.

Reputational Excellence

Ensuring reputational excellence, Reclam and the ReclamGroup have been recognised as follows:

• In 2005, Mr. David Kassel was awarded the ABSA Jewish Business Achiever Award

• In 2007 and 2008, nominated as one of South Africa’s Top 500 companies, and number one in its sector;

• In 2008, awarded Standard Bank Trophy for financial performance and contribution to the environment;

• In 2008, nominated for contribution to Broad Based Black Economic Empowerment and Transformation; and

• In 2008, awarded the ANC certificate for commitment to the economic future of South Africa.