JOHANNESBURG (miningweekly.com) – A new empowerment fund, JSS Empowerment Mining Fund, has signed on as sponsor of the new Junior Miners Pavilion and the Investment Battlefield Competition at the 2017 Investing in African Mining Indaba.
The newly-launched empowerment mining fund, a partnership between boutique corporate finance firm Jaltech and JSE-listed Stefanutti Stocks, joins the Chamber of Mines and the Department of Mineral Resources in supporting the Junior Miners Pavilion and the Investment Battlefield Competition.
The competition provides a platform for 16 junior miners to compete and showcase their projects to a judging panel of investors for a chance to win prizes supporting the development of new projects.
The junior miners confirmed so far as participants in the competition include Australia’s Bannerman Resources, UK-based Consolidated Nickel Mines, British Virgin Islands’ Premier African Minerals, Canada’s Energizer Resources and South African junior IPC Coal.
“We believe that junior mines that are viable now will be very profitable when commodity price levels improve in the future,” noted JSS executive director Gaurav Nair.
JSS offers funding for junior opencast mining companies, with tax benefits that can be substantial for investors.
“Involvement and support from the JSS Empowerment Mining Fund will take this platform to the next level,” said Mining Indaba MD Alex Grose.
Edited by: Creamer Media Reporter
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