This year’s Mining Indaba saw new and established industry role players identifying opportunities for growth in the sector, with increasing investment planned. Minister of Trade and Industry, Dr. Rob Davies, cited a R1.3 billion investment by Caterpillar as a good example of the industry’s prospects.

Nigel Casey“Through this deal we will see Caterpillar, the world’s leading manufacturer of construction and mining equipment empowering our people. Four components have been identified for phase one: mining buckets, truck bodies, coolants and gensets. About 3900 jobs both direct and indirect are expected to be created through this partnership,” he told delegates.

“South Africa has opportunities for investment in any sector of the economy and government is ready to support investors through InvestSA, an initiative of the Department of Trade and Industry (dti). Investors that are honest and operate legitimately will receive our full partnership and support.”

His overriding message was that South Africa is open for business. The country has vast mineral resources and government is committed to support investors, Davies said.

The dti has committed itself to supporting the sector through a variety of initiatives. One of these aims to grow junior miners to be at the level of big mining companies. 50 Junior miners were present at the Indaba, as were a number of emerging miners that were supported by the dti to showcase their products and services.

On the sidelines of the event, a roundtable hosted by the UK Department for International Trade, UK government and the private sector in that country, presented an Africa Infrastructure Board. This initiative aims position the UK as an ideal choice of partner not only to develop projects in the mining sector but to create a holistic solution that will benefit the wider community by developing the associated infrastructure around the project.

The UK High Commissioner to South Africa, Nigel Casey, said that the UK would be increasing its efforts to work closer with African governments and private sector. “Mining projects are much more than just mining, and they don’t work without the associated infrastructure. We felt the need to up our collective game, and create a new government industry partnership called the Africa Infrastructure Board, which brings together all the players in the UK – whether that is government through DFID, or UK Export Finance, one of our best kept secrets, or the deep pockets of the Commonwealth Development Corporation (CDC), and private sector operators, all operating in one single place to offer an end-to-end solution.”

Image credit: https://twitter.com/nigelcaseyhc?lang=en

Read morehttps://www.gov.uk/government/people/nigel-casey


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