Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Shaft Sinkers of South Africa Rises 8% in London Trading Debut

Dec. 23 (Bloomberg) -- Shaft Sinkers Holdings Plc, a South African developer of shafts for underground mines, rose 8 percent on its London trading debut today.

The stock opened at 132 pence, more than 6 percent above its 124 pence placement price, and rose to 134 pence as of 2:04 p.m. in London, valuing the company at 63.7 million pounds ($98 million).

Shaft Sinkers, which built its business in South Africa where some of the world’s deepest mining shafts are located, said it will use the capital to expand into new industries and countries including India.

“The directors of Shaft Sinkers believe that global demand for shaft sinking will continue to grow as a result of the depletion of surface and shallow mineral ore bodies, growing environmental pressures and growth in alternative end-market applications,” the company said in its prospectus published on Dec. 20.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at

To contact the editors responsible for this story: Frank Connelly at Edward Evans at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.