May 17, 2020

Small miners empowered by Mining Indaba mining fund

mining
Mining Indaba
mining investment
Mining finance
Dale Benton
3 min
Small miners empowered by Mining Indaba mining fund
A $75 million fund has been launched to capitalise on investment opportunities in junior open mining companies in Africa.

The JSS Empowerment Mining Fu...

A $75 million fund has been launched to capitalise on investment opportunities in junior open mining companies in Africa.

The JSS Empowerment Mining Fund, a joint venture between Jaltech and Stefanutti Stocks seeks to invest in mining companies considered too small for traditional private equity or debt funding.

Mining Indaba, through its Investing in African Mining Indaba Conference (which we have spoken about here) has announced that the JSS Empowerment Mining Fund has signed on as sponsor of the New Junior Miners Pavilion, which includes the Investment Battlefield Competition.

“We believe that junior mines that are viable now will be very profitable when commodity price levels improve in the future,” explains Gaurav Nair, Executive Director of the JSS Empowerment Mining Fund. “Supporting junior mining companies will directly benefit investors and stimulate growth in the South African economy. And the tax benefits for investors can be quite substantial.”

The sponsorship is a perfect fit for the Mining Indaba, says MD Alex Grose. “We have always focused on connecting mining companies with government and the investment community – this includes identifying and supporting the best junior mining companies.”

What is the Investment Battlefield Competition?

The Investment Battlefield Competition is an opportunity for junior mining companies to pitch their exploration projects to a panel of leading investors and compete for a number of prizes that will support and advance the development of those projects.

“Identifying the best emerging mining companies for investors and supporting the development of new projects is a critical part of Mining Indaba. The Investment Battlefield competition takes this one step further”

So, what can a company actually win?

There can be only one.

The competition will close with one winner and one runner up and we can confirm that the prizes on offer, for both winner and runner up, are invaluable.

The Winner receives:

A free 3x1.5M exhibition stand at Mining Indaba 2018

A free 10-minute speaking slot in the Investment Discovery Forum at Mining Indaba 2018

Promotion in the post event report as the winner of the Investment Battlefield. This includes a full page write up as the hottest emerging mining investment opportunity in 2017.

Three free passes to attend Mining Indaba 2018

Access to our investor relations concierge service for their 2018 meeting schedule at Mining Indaba, confirming a number of investor meetings for your business

Free accommodation at Mining Indaba 2018 for one member of the team

Runner up:

Promotion in the post event report as the winner of the Investment Battlefield. This includes a full page write up as the second hottest emerging mining investment opportunity in 2017.

Access to our investor relations concierge service for their 2018 meeting schedule at Mining Indaba, confirming a number of investor meetings for your business

Two free passes to attend Mining Indaba 2018

 

The January 2017 issue of Mining Global is live!

Follow @MiningGlobal

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

 

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Apr 21, 2021

Rio Tinto’s iron ore output falls 2% year-on-year

RioTinto
ironore
Pilbara
covid-19
2 min
World's biggest iron ore producer reports lower quarterly output due to labour shortages and weather issues
Rio Tinto reported lower quarterly iron ore output as wet weather and labour shortages impacted its mine and port operations in Western Australia.
 
Above average wet weather in the mines and workforce availability disrupted maintenance during the quarter, Rio said, while Tropical Cyclone Seroja impacted operations in April, reports Reuters.

 

Iron Ore
 
Production for the quarter stood at 76.4 million tonnes, down 2% from the same period last year.
 
“You’d have to suggest that its a pretty average result. They have not delivered iron ore into a solid pricing environment,” said David Lennox at Fat Prophets in Sydney.
 
“There’s nothing that they can do about wet weather – it may be that they are going to have to live with changing environmental conditions. What will save them is the fact that they have got higher commodity prices generally, especially iron ore and copper.”
 
The world’s biggest iron ore producer shipped 77.8 million tonnes (mt) of the commodity in the quarter ended March 31, up 7% compared with 72.9 mt last year. It maintained its forecast of shipping between 325mt and 340mt of iron ore in 2021.

 

Pilbara
 
Rio has benefited from strong demand for its higher quality Pilbara blend products due to solid margins at China steelmakers as construction activity and steel demand in the first quarter eclipsed 2020 and 2019 levels.
 
China’s renewed focus on cutting steelmaking emissions will likely restrain steel exports in 2021, supporting margins globally, it said.
 
Copper production fell 16% on year ago levels after covid-19 prevention measures limited labour availability in Escondida in Chile.
 
Its Oyu Tolgoi copper shipments have been impacted by Chinese boarder restrictions due to increased cases of covid-19.
 
“We declared force majeure on shipments from 30 March and continue to work closely with authorities and our customers to manage the risk of supply chain disruptions,” it said.
 
“Rio has resumed cross-border concentrate shipments into China on 15 April however, the situation is very fluid with the covid-19 resurgence in Mongolia.”

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