Jonah said that Jonah Mining, for which a chief executive had been appointed, would “soon” be announcing the creation of a coal division.
The company was already in tin and was looking at uranium.
He said that the geography of the new mining company would be pan-African and that assets were being assembled in the Democratic Republic of Congo (DRC), Zambia, Botswana, South Africa, Tanzania, and Angola.
“While it will be a mixed portfolio, it will have a brownfield bias, without ignoring greenfield opportunities,” he said.
Whichever mining assets became “sufficiently advanced on the value-creation curve” would be separately listed.
He said that the soon-to-be-announced coal division had interesting assets and that he expected a listing “within 12 months”.
Jonah Mining was already in tin in the DRC and Rwanda, where it had “a very fine piece of ground” and uranium possibilities were being studied in South Africa and Zimbabwe.
Each asset-type would have a dedicated team and would be separately managed as a project.
Associated with Jonah Mining is the Standard Bank-linked Jonah Capital, which is a private equity company invested in financial services, micro-lending and insurance, general listed equities, and a venture capital fund for technologies and mining.
“The focus is pan-African, we are totally committed to Africa and we bring with us a political tailwind” said Jonah, who advises several African presidents “both officially and unofficially”.
He is also on many African boards, including those of South Africa’s State-owned transport company, Transnet, and is chairperson of uranium exploration company Uramin, for which the French nuclear energy giant Areva has bid $2,5-billion.
Jonah, 57, began in mining in 1969 “as a shovel boy” at the Obuasi gold-mine and went on to become deputy CEO of its holding company Ashanti Goldfields at the age of 31.
A former AngloGold Ashanti board member, Jonah received an honorary knighthood in 2003, and is an honorary doctor of science from the Camborne School of Mines.