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Mining world gathers in Cape Town

Mining Indaba LLC managing director Jonathan MooreMining Indaba LLC managing director Jonathan Moore In his welcome note to this year's Investing in African Mining Indaba, Jonathan Moore, the managing director of organising company Mining Indaba, gives a brief account of the event's history.

Moore says it all started in 1994 at the dawn of South Africa's democracy when "a small group of people came together at the Cape Sun Hotel with a shared vision for the acceleration of mining investment on the African continent". Since then, this "small group" has grown to become the world's biggest and most respected mining investment event, attracting thousands of professionals and international companies.

"As Mining Indaba has expanded in scope and size, the mission of our organisation remains to serve as the focal point for capitalisation and development of mining interests in Africa. As the event has grown and evolved into a global deal-making platform – approximately 8 000 professionals from 2 000 international companies representing 110 countries in 2013 – so have our investments and commitments to the local mining industry, and Cape Town’s economy," says Moore.

The Mining Indaba which will take place at the Cape Town International Convention Centre from 3 to 6 February 2014 is expected to draw local and international mining industry professionals, government representatives, investors, analysts and financiers.

Among other things these industry heavyweights will discuss current global economic and mining developments.

Keynote speakers include Minister of Mineral Resources Susan Shabangu; Western Australia Premier Colin Barnett; Exxaro Resources chief executive Sipho Nkosi; Harmony Gold Mining chief executive Graham Briggs; World Bank's head of mining Tom Butler; and Archbishop Njongonkulu Ndungane, among others.

The Industrial Development Corporation is participating in the event, with the corporation's chief economist, Lumkile Mondi, being one of the company speakers on the second day.

As a development finance institution and sponsor of Mining Indaba, the IDC has a vested interest in the gathering. Its Mining and Beneficiation strategic business unit has been an active participant in the past years, with Abel Malinga, the divisional executive: mining and manufacturing industries at the IDC, describing the indaba as the "most important event for the [business unit] to meet existing clients and potential clients".

"The Mining Indaba brings all the role players to Cape Town in order to network and discuss new trends and how we can take such an important industry forward." In addition, it gives the IDC a platform to showcase its commitment to growing the mining industry, according to Malinga.

For more information on the Investing in African Mining Indaba visit its website.

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