Mining heavyweights descend on Cape Town

07 February 2016 - 14:14 By Agency Staff
A drill operator working underground at Lonmin’s western platinum mine at Marikana
A drill operator working underground at Lonmin’s western platinum mine at Marikana
Image: MOELETSI MABE

The indaba takes place against the backdrop of a slump in metal prices amid China’s economic slowdown, which has led to oversupplies.

The collapse in commodity prices has left many companies in the industry trading at all-time lows and with increased volatility.

The four-day conference programme will provide extensive insight on how investors, governments and corporates can come together to take a close look at how they can improve operational efficiencies, evaluate how to best mitigate risks associated with investing in the sector and to identify the critical partnerships for ensuring the development and future sustainability of mining in the years to come.

According to Jonathan Moore, managing director of the indaba, it provides a platform for global and influential deal-makers that channels billions of dollars in capitalising the African mining value chain.

Key industry leaders are set to speak at the Indaba including former Zimbabwean finance minister Tendai Biti, Anglo American CEO Mark Cutifani and AngloGold Ashanti CEO Srinivasan Venkatakrishnan.

Source: Fin24

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