Johannesburg-based consulting company Practara provides independent advisory services to junior, mid-tier and major companies in the minerals sector. It provides clients with practical yet innovative solutions to assist with strategic decision-making regarding their mining assets – particularly apt in the wake of the Covid-19 outbreak.

“If Covid-19 has given us any insight, it is that we need to reconsider our current practices, especially in the minerals industry, which has been traditionally slow to adopt renewed approaches to strategic and operational decision-making.”

Practara notes that the level of economic, social and environmental uncertainty is on the rise. “This volatility results in heightened investment risk in an ever-increasing competitive landscape, and creates panic amongst investors in the minerals industry.”

This is why Practara believes that sustainable value creation should be at the forefront of investment evaluations. “Industry-leaders are moving towards measuring metrics ‘beyond-NPV’ in their pursuit of viable investment opportunities. At Practara we assist clients to minimize risk and maximise return on the triple bottom line by employing more structured and widely-encompassing processes to screen, identify, evaluate, and execute investment opportunities for our clients.”

This renewed focus is in line with the company’s ultimate objective of creating long-term value for its clients through the provision of high-quality services at competitive rates.

The company notes that what sets it apart is that it produces financially focused yet technically minded solutions, with mining studies and compliance, cost estimation and optimisation, business case development and market intelligence at the core of their value offering. Combined with their longstanding collaborative relationships and a network of professional associates, the company is able to provide adaptable approaches and methodologies tailored towards their client’s specific needs.

Practara stresses that every company has inherent value waiting to be unearthed, and that its global experience and local expertise can put companies on a pathway to value creation. “Our ingenuity comes from our passion to usher our clients towards greatness, by focusing on their originality and vitality, whilst providing advice that is bankable”.