The name, P² Mining is based on the Pareto principle (also known as the 80-20 rule, the law of the vital few, and the principle of factor sparsity) which states that, for many events, roughly 80% of the effects come from 20% of the causes.
Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.
It is a common rule of thumb in business; therefore, many businesses have an easy access to dramatic improvements in profitability by focusing on the most effective areas and eliminating, ignoring, automating, delegating or re-training the rest, as appropriate.
P² Mining evolved from its sister company, Newrak Mining. It now forms a part of 3 companies under the umbrella of Rhino Africa Mining. The flagship company in the group is Newrak Mining.
Our extensive experience in Chrome, Gold and Platinum mines has helped us grow steadily and refine our methodologies, making us uniquely able to operate remnant extraction projects.
Marginalised shafts have effectively produced good returns, thanks to our tried and tested methods. We take pride in every project that we embark on and maintain a company vision of efficiency, integrity and exceptional customer service:
- P² Mining holds broad based, Black Economic Empowerment credentials in accordance with requirements as laid out by the South African Mining Charter.
- Every member of our management team has longstanding, hands-on experience in, and qualifications ranging from Chrome and Gold to Platinum mining. Our leaderships’ competencies include decades of hard-earned experience in the mining industry.
- We have a proven track-record of shareholder returns that we have generated from the acquisition of valuable reserves and deposits. Our success has been the result of strategic and successful synergies with major Platinum, Chrome and Gold mining companies in South Africa.