The Mining Indaba that is currently taking place in Cape Town will generate substantial leads for future investment and collaboration in the mining sector for South African companies. This was said by the Chief Director for Investment Promotion at the Department of Trade and Industry (the dti) Mr Yunus Hoosen
He was speaking on the side-lines of the Africa Mining Indaba where twenty four companies supported by the dti are exhibiting in the South African National Pavilion set up in partnership with the Department of Mineral Resources (DMR) and the Department of Science and Technology (DST) is supporting.
“The companies exhibiting in the pavilion represent mining houses, professional services, engineering and capital equipment manufacturers who are capable of developing value chain with their respective counterparts in other countries,” said Hoosen.
He added that the Mining Indaba will afford these mining companies an opportunity to showcase their expertise especially in the area of beneficiation.
“Government still wants to attract and encourage investment in the sector in order to grow the economy and also to explore joint ventures for future major mining infrastructure projects in South Africa,” he explained.
The dti delegation will be meeting with potential investors from Brazil, India, Nigeria, Japan and Iran to explore areas of mutual benefits, throughout the week. An investment workshop will also be held on tomorrow, as part of the Indaba.
Earlier the Minister of Mineral Resources, Susan Shabangu, told delegates at the Mining Indaba that the event has contributed significantly in attracting the appropriate attention to the potential of African mining investment and development. She also stated that beneficiation of minerals was critical for the government and formed part of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill. Minister Shabangu added that government is confident that the MPRDA will provide a predictable, stable and globally competitive mining legislation that will amongst others promote investment, development and transformation.