3-6 February 2014 | Cape Town, South Africa
Where the World Connects with African Mining™
The annual Investing in African Mining Indaba™ is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa. The annual Mining Indaba is the world’s largest mining investment event and Africa’s largest mining event bringing more than a record number of 7,800 delegates from 110 countries in 2013. The Mining Indaba is recognized as the unparalleled discovery and deal-making investment platform in African mining. The event brings together the senior executives of some of the world’s largest mining companies, fund managers, institutional investors, financiers, analysts, government ministers, and many other critical stakeholders in the African mining value chain. At the annual Mining Indaba you will find the who’s who of African mining and the global mining industry. For 20 years, the Investing in African Mining Indaba, in collaboration with its partners in South Africa and the African continent, have channeled billions of dollars into the African mining value chain.
Rwanda is developing a world-class business climate to attract investors.
Can you provide us with an introduction to the Rwanda Development Board (RDB) and the role that it plays in encouraging economic growth?
VK: The Rwanda Development Board (RDB) was created in 2008 with the aim of fast tracking Rwanda’s economic development by enabling private sector growth. RDB is organized around five economic cluster departments, namely Agriculture, Services, Tourism and Conservation, Information and Communication Technology and Trade and Manufacturing. It also has three cross-cutting departments including Investment Promotion and Implementation, Assets and Business Management and Human Capital and Institutional Development. All of our departments work to promote investments in different clusters and the Investment Promotion Department works to facilitate them in the process.
Mkango Resources plans to spearhead rare earth development in Malawi.
Could you provide us with an overview of Mkango Resources Ltd. (TSX-V: MKA) and your reason for choosing to explore in Malawi rather than in other countries on the African continent?
WD: Mkango Resources Ltd. has been working in Malawi for the past seven years, first in a joint venture capacity, and ultimately as license-holders. Our first license is the Phalombe License in south eastern Malawi, where our flagship project is located, the Songwe Hill Rare Earth Project. Our second license is at Thambani, western Malawi, where we have a team conducting ground radiometric surveys and other exploration work, focusing on a range of commodities: uranium, zircon, rare earths and gold targets. Management evaluated a large number of projects throughout Central Asia and the Middle East, as well as other countries in Africa before deciding to focus on Malawi based on the country’s mineral potential as well as its ease of doing business for an exploration company.
Madagascar’s Minister of Mines is confident the mineral industry will develop despite political challenges.
During your tenure as Minister of Mines, what were your key priorities for Madagascar’s mining industry and which main milestones did you achieve?
Madagascar’s geological potential is being held back by political crisis.
ANTANANARIVO, MADAGASCAR – Located off the southeastern coast of Africa in the Indian Ocean the Malagasy Republic, now more commonly known as Madagascar, is the fourth largest island in the world. In June 2012 a project financed by the World Bank through Projet de Gouvernance des Resources Minérales (PGRM), and recent work with the Japanese government, released updated geological data from 1974 on Madagascar’s mineral wealth, indicating a highly diversified mineral base including gemstones, industrial stones, and other minerals including chromite, copper iron ore, bauxite and gold. It is only recently, however, that this geological potential is starting to be properly exploited. This is being kick started by the development of Rio Tinto’s QIT Madagascar Minerals (QMM) (Rio Tinto (80%) and the Malagasy State (20%)) Ilmenite project and the environmentally contentious nickel and cobalt Ambatovy project, owned by a consortium of four shareholders: Sherritt International Corporation; Sumitomo Corporation; Korean Resources Corporation; and SNC-Lavalin Inc.
MAPUTO, Mozambique—In the race between the world’s fastest-growing economies, one would be hard-pressed to find many of the traditional powerhouses from North American, European or Asian markets. In fact, the world’s poorest continent—Africa—dominates the list with twelve of the twenty economies with the highest projected compounded annual growth rate (CAGR) between now and 2017, according to a study completed by the Business Insider. Not surprisingly, many of these countries also have disparagingly low GDPs and standards of living, a fact that makes such stellar growth rates significantly easier to achieve.