Business News of 2014-02-04

African mining conference opens in Cape Town

Ghana's Minister of Lands and Natural Resources, Alhaji Inusah Fuseini is leading a government delegation to this year's Investing in African Mining Indaba conference which opens Tuesday in Cape Town.

The conference is celebrating its 20th anniversary this year as the world's largest mining investment event.

Officials of the Ghana Chamber of Mines and the Minerals Commission and other mining agencies in the country are also expected to attend the conference.

South Africa's Minister of Mineral Resources, Madam Susan Shabangu, would deliver the opening address.

Ministerial forum

Alhaji Fuseini will on Wednesday participate in a ministerial forum alongside his counterparts from Zambia, Tanzania, Angola, Rwanda, Mali, Somaliland, and Botswana where he is expected to tell Ghana's success story, challenges and the way forward in the mining industry in Ghana.

The forum will be on the theme "The Challenge of Opportunity of Sustainable Development in Mining."

Impact

For 20 years, the Mining Indaba has positioned African mining on the global scene drawing the attention of highly influential stakeholders, investors, financiers, governments and other partners to learn about the investment climate on the continent.

According to the Managing Director of Mining Indaba LLC, Mr Jonathan Moore, the conference has been at the forefront of advancing and channelling foreign investment into African mining.

For him although the event is now larger and more encompassing than its early years, its mission remains true to work with partners in Africa to continue to capitalise and develop the African mining value chain.

Focus of 2014 conference

This year’s conference will focus on two important themes. First, highlighting how Africa continues to have attractive and excellent investment opportunities with special focus on South Africa.

This presentation will span expert commentary from economists coupled with presentations from leading mining organisations and presentations from about 16 ministerial delegations.

Secondly, to increase the amount of Mining Indaba bursary programmes from $20,000 to $30,000 to support students pursing mining education. It will also seek to invest additional funds to its Rural Education Access Programme (REAP) to provide underprivileged children with the basic necessities of life.

Organisers

Organised by Mining Indaba LLC, it is an annual professional conference dedicated to the capitalisation and development of mining interest in Africa.

More than 7,800 delegates from about 110 countries are expected to attend the event.

For the past 20 years the conference organisers with their South Africa and continent-wide partners, have voted billions of dollars into the African mining value chain.