May 17, 2020

The 2017 Mining Indaba Investment Discovery Forum and why you should know about it

Africa
African mining
mining
mining investment
Dale Benton
3 min
The 2017 Mining Indaba Investment Discovery Forum and why you should know about it
This week it was announced that global organisations Investment Discovery Forum and RBC Capital Markets will be sponsoring the 2017 African Mining Indab...

This week it was announced that global organisations Investment Discovery Forum and RBC Capital Markets will be sponsoring the 2017 African Mining Indaba: Investment Discovery Forum, which takes place 6-9 February 2017 in Cape Town, South Africa.

The Mining Indaba Investment Discovery Forum, and why you should know about it:

Investing in African Mining Indaba is the world’s largest mining investment conference and the largest mining event in Africa.

Quite simply, it is an opportunity for the world to connect with African mining.

The forum has been dedicated to the successful capitalisation and development of mining interests in Africa, bringing together investors, mining companies, governments and stakeholders the world over.

The goal? Learn, network and advance mining on the African continent through education, career development and sustainable development.

A who’s who:

Leading the charge for the Investment Discovery Forum is Alex Grose, Managing Director, African Mining Indaba. Alex in fact only came into the role in October this year, coming from his role as Commercial Director at Capacity Media, a division of Euromoney, which is actually the parent company Mining Indaba.

With the goal of attracting the best possible investment from the best possible investors through the best possible event, Grose can call upon his strong experience in generating an increase in revenue by 250 percent through telecoms events that he has previously lead.

Speaking with authority…

In total, there will be around 90 speakers across the three-day event.

Now we aren’t going to profile each and every one of them, but it is worth mentioning that the speakers include some of the top minds and industry professionals from across the whole mining industry.

To name a few, there will be:

Tracey Cooper, Executive Director of Mining Dialogues 360%u2070 which provides a neutral, objective and safe platform to facilitate open debate about all aspects of the mining sector and related issues.

Roger Baxter, CEO, Chamber of Mines, a mining employers’ organisation that supports and promotes the South African mining industry.

Clive Johnson, CEO, B2Gold, one of the fastest growing intermediate gold producers in the world.

A lasting legacy…

The Investing in African Mining Indaba organisation has been in operating and better serving and advancing the mining industry for well over 20 years.

It is made up of over 6000 professionals from every aspect of the mining industry, investment firms, governments and providers of mining and professional services.

Now here’s a figure worth remembering, the organisation has contributed around R675 million to the Cape Town economy over the past 10 years, and that includes creating over 5000 jobs.

Where do I sign up?

Right here.

2017 African Mining Indaba: Investment Discovery Forum, takes place 6-9 February 2017 in Cape Town, South Africa.

 

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Get in touch with our editor Dale Benton at [email protected]

 

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May 11, 2021

Gerald Group resolves iron ore dispute with Sierra Leone

Gerald Group
SL Mining
Iron ore
Marampa iron ore mine
2 min
Gerald Group, the US commodity broker, set to restart iron ore shipments from Marampa mine with subsidiary SL Mining

Gerald Group, the US commodity trader, will pay Sierra Leone $20mn and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production, the two sides revealed.

SL Mining

Gerald's wholly-owned subsidiary SL Mining filed for arbitration in August 2019 over a royalty payment dispute and suspended the Marampa mine the following month. Sierra Leone's government responded by cancelling its mining licence. 

As part of the agreement signed on Friday, Sierra Leone will take a non-dilutable 10% stake in a new company that will replace SL Mining and resume operations at Marampa by June 1, Gerald said in a statement.

Iron Ore

Gerald will make two $10mn payments this year and will have the immediate right to ship its current stockpile of about 707,000 tonnes of iron ore, it said.

Both sides will withdraw their legal claims before the International Chamber of Commerce (ICC) and International Centre for Settlement of Investment Disputes (ICSID), the statement added.

Gerald’s chairman and CEO Craig Dean commented: "I am delighted that we have been able to resolve our differences and have a fresh start and new beginning with the government of Sierra Leone."

SL Mining

 

Sierra Leone

Sierra Leone's Mines Minister Timothy Kabba told a news conference on Tuesday that the agreement was a milestone for the country.

"Whatever the pain we may have borne or dreaded throughout these two years ... this outcome justifies our action," he said.

Gerald estimates that Marampa holds about 1 billion tonnes of iron ore with a potential lifespan of 30 years.

Gerald Group

Back in 2019, Dean spoke with Mining about the development of Marampa and commented: "SL Mining offers a substantial opportunity for Gerald Group as our Marampa mine in Sierra Leone is producing two million tonnes per annum of high grade iron ore in the first phase of development, with expansion possibilities of greater than six million tonnes per annum of high-grade iron ore during its operational life. If you analyse the iron ore market it has transformed, even from a couple of years ago when prices were very low. Now prices have stabilised we’re in a favourable position with our first shipments leaving for China.

"Our goal is to make ‘Marampa Blue’ an internationally recognised premium grade iron ore brand. We intend to expand the delivery of high-grade 65% iron ore concentrate to markets in Europe and Africa.”

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