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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May 14, 2021

Copper production from top ten companies to increase by 3.8%

Copper
Codelco
First Quantum
Freeport-McMoRan
2 min
Following a marginal slump in copper production due to COVID-19, output from top ten companies set to rise up to 3.8% in 2021 reveals GlobalData analysis

Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt).

Copper

The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest copper producers succeeded in increasing output last year. In 2021, copper production from the top ten copper companies is expected to bounce back, rising by up to 3.8%, to reach 12.2Mt, according to GlobalData, a leading data and analytics company. 

First Quantum

The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August 2020, it delivered record production levels during the subsequent months.

Copper

Codelco

Codelco, the world’s largest producer of the red metal used in electric vehicles, also bucked the trend.

Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Despite Codelco reporting over 3,400 active cases during July 2020, the company achieved 1.2% growth in its production in 2020. The company implemented a four-phase plan, as part of the COVID-19 measures, to ensure the health and safety of its employees, while also avoiding any significant impact to its copper output.” 

Freeport McMoRan

Although the overall impact was minimal, declines in production were observed from Glencore (8.2%), Antofagasta (4.7%), BHP (3.9%) and Freeport McMoRan (1.3%). Reduced operational workforces due to COVID-19 measures, lower ore grades and production halts due to maintenance were the key disruptors to output during 2020.

Electric Vehicles

The move towards electric vehicles and clean energy from renewables sources such as solar panels and wind turbines has driven the copper price to all-time highs. Copper has been among the best performers over the last month where metals ranging from aluminum to iron ore have surged to their highest prices in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the global pandemic. 

 

 

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