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James Allan

James has worked in the mining, and mining financial services, industries for the past 29 years. After graduating at the University of the Witwatersrand in 1982, he was involved in coal mining production at Wankie Colliery in Zimbabwe.

After completing his MBA in 1986, James worked for Anglo American at Boart International in various positions, including personal assistant to the Deputy Chairman. James joined René Hochreiter at Anderson Wilson & Partners, a stockbroking firm, in 1990. He became a partner in this firm in 1992. In 1995, Anderson Wilson was bought out by Standard Bank and after two years with Standard Bank, James joined stockbrokers Barnard Jacobs and Mellet (BJM) and became a top-rated diamond analyst. He was instrumental in gaining an extra $2.00 per share for shareholders when Anglo American and the Oppenheimer family de-listed De Beers in 2001. After this, he left BJM to advise on the Koidu Kimberlite project. He rejoined BJM in 2002 as a mining financial analyst and in 2003, joined QuestCo, a corporate advisory boutique.

In 2005, James left QuestCo to form his own corporate finance company, James Allan & Associates. In 2006, he invited René Hochreiter to join him and in 2007, the company name changed to Allan Hochreiter (Pty) Ltd. James has, arguably, the best insight into the diamond and coal mining industries in South Africa, and worldwide. James advised the Botswana Public Officers Pension Fund in 2009 and 2010 on the rescue and restructuring of Diamonex Limited. James was appointed to the board of Diamonex Limited by the BPOPF in 2011 and continues to advise the BPOPF on this investment.

James has started a number of companies in the mining industry. In 2003 he assisted Gordon Hogan form Lesedi Drilling and Mining Contracting Company (Pty) Ltd. Lesedi is now one of the leading underground diamond drilling companies in South Africa, drilling over 20 kilometres of core every month. Partners Drilling and Partners Drilling International were started in 2005 and 2008 respectively to conduct surface diamond drilling.

Olivewood Resources Limited was started in 2009 to encourage investment into the junior mining and exploration sector in South Africa utilizing various concessions allowed by the South African Revenue Service. This company is awaiting some changes to the legislation to come into being in 2012.

Sable Platinum was started in 2006 and has built up a portfolio of exploration projects covering approximately 600 square kilometres of the Bushveld Igneous Complex in South Africa. This company is scheduled to list on the Johannesburg Stock Exchange in 2012.

Some Career Highlights:

  • Advised De Beers minorities (2001)
  • Established Lesedi Drilling (Pty) Ltd (2003)
  • Established James Allan & Associates (2005)
  • Strategic analysis of Anglo American for a major investor (2005)
  • Established Partners Drilling (2005)
  • Raised R232m for Diamond Core Resources Limited (2005)
  • Advised South African Treasury on the Diamond Amendment Bill (2005)
  • Advised SA Treasury on Tax Incentives for Junior Mining (2005)
  • Established Sable Platinum Mining (Pty) Ltd (2006)
  • Raised $30m for Rockwell Diamonds Limited (2007)
  • Established Partners Drilling International (2008)
  • Analysis of the diamond industry for The Diamond Trading Company (Namibia) and the Diamond Trading Company (Botswana) (2008)
  • Advised IFC on Petra Diamonds (2009)
  • Established Olivewood Resources Limited (2009)
  • Advised IFC and RMB on $80m debt package for Petra Diamonds (2010)
  • Advised Botswana Public Officers Pension Fund on the restructuring of Diamonex Limited (2009-2010)

Board positions:

Non-Executive Chairman:

Lesedi Drilling (Pty) Ltd
Partners Drilling (Pty) Ltd
Partners Drilling International Ltd

Chief Executive Officer:

Sable Platinum Ltd
Olivewood Resources Limited


Allan Hochreiter (Pty) Ltd

Non-executive director:

Diamonex Limited
Global Initiatives (Pty) Ltd

James Allan

BSc(Eng) (Mining); MBA

Tel: (011) 326-5630
Fax: (011) 326-5625

Cell: 082 565 4507
Web page updated: 10 September, 2014
Web Design: G Hochreiter;