Category Archives: Mining

Conference – African Mining Indaba 2013

Investing in “African Mining Indaba” is the world’s largest mining investment conference in the African continent and the largest mining event in Africa. The annual Investing in African Mining Indaba is organised by Mining Indaba LLC which has been held for more than 18 years now.

mining indaba conference 2013 africa

INDABA is one of the largest tourism marketing events on the African calendar and one of the top three ‘must visit’ events of its kind on the global calendar. More than half of the delegates attending the event come from Africa, while 18% are from Europe, 12% from Australia, and 8% from North America.

Conference Event details  – African Mining Indaba 2013

19TH ANNUAL INVESTING IN AFRICAN MINING INDABA
4-7 February 2013
Cape Town, South Africa

Conference Registration

Conference registration will open on Saturday, 2 February at 12:00. See full registration schedule

Exhibition Hall

Exhibition Hall will open on Monday 3 February at 17:30. See full conference activities schedule

Indaba  Africa conference 2012 – 7000  + mining professionals and investors from all continents of the world attended. Indaba Africa conference 2013  -  2013  conference to welcome 7000 + delegates in 2013.

Keynote speakers

Mining Conference Keynote Speakers

GENERAL SHOW ENQUIRIES ONLY
If you have a general show enquiry, please send it to info@minngindaba.com or call +1.859-746-5700 (hours of operation: Monday through Friday, 08:00-17:00 (UTC-GMT-5 hours)

 

About cape town south Africa

Cape Town

Cape Town is the second-most populous city in South Africa after Johannesburg, and the provincial capital and primate city of the Western Cape. As the seat of the National Parliament, it is also the legislative capital of the country. Wikipedia

Population: 3,497,097 (2007)

Area: 2,455 km²

Weather: 24°C, Wind S at 42 km/h, 47% Humidity

Local time: Monday 1:37 pm

Points of interest

Table Mountain image courtesy – http://worldislandparadise.com

Cape of Good Hope – Imgae couyrtesy – travel.nationalgeographic.com

Victoria & Alfred Waterfront img courtesy – www.kapstadt-entdecken.de

Kenya sets new law of 35 % local ownership for new mining projects

Prof Muigai’s verdict is good news to Australian mining company Base Titanium, widely regarded to have been the target of a small cabal of top government officials who have been pushing for the 35 per cent local equity participation rule. Base Resources, the Australian firm mining titanium in Kenya’s Coast, has valued 35 per cent of its local operations at $150 million (Ksh12.8 billion).

kenya mining and oil n gas laws policy emblem

Who is – Githu Muigai – from Wikipedia, the free encyclopedia

Githu Muigai (born 1960) is the Attorney General of The Republic of Kenya. He holds a bachelor’s Degree in Law degree from the University of Nairobi, a masters degree in International Law from Columbia University School of Law. Prior to becoming Attorney General Githu Muigai has served in the defunct Constitution of Kenya Review Commission and at the United Nations as Special Rapporteur on contemporary forms of racism, racial discrimination, xenophobia and related intolerance.

Prof. Githu Muigai

Prof. Githu Muigai from  http://www.softkenya.com

A gazette notice issued in September by Environment Minister Chirau Ali Mwakwere directed that mining companies cede 35 ownership to local investors. Mining firms and overseas companies have been given a grace period of between three and five years to comply.

New laws at a glance

  • The regulations were welcomed  by locals  who saw this as a way to  benefit from the mining  profits generated by the foreign mining companies , who see it as arm twisting to share their profits.
  • Mining activity has picked up in Kenya recently, however the majority of companies are still at the initial stages, having been issued only with prospective licences.
  • Prof Muigai has clarified that only licences issued after the gazette notice, will b e affected by the 35 per cent local equity participation requirement.

Referred to as the “Mwakwere rules” and introduced by Environment Minister Ali Mwakwere. The one problem that this  new law  will bring about for foreign companies is , will the locals but into their shares or have the money to buy into their shares  thus giving them the 35 % for approval.

Who is  – CHIRAU MWAKWERE

Amb. Chirau Ali Mwakwere – Kenyan Minister of Environment

Chirau Mwakwere

From : http://www.whoswho.co.ke/chirau-mwakwere

Amb. Chirau Ali Mwakwere is the Kenyan Minister of Environment. He previously served as the Kenyan Minister of Transport

In comparison , Botswana with one of the most established mining sectors — and reputed to have the most liberal mining codes — the threshold for local shareholding of mining companies is 13 per cent.

Oil and gas exploration in kenya

The oil and gas industry is also going through change , with the  Ministry of Energy hopes to introduce the regulations under the reviewed Petroleum Exploration and Production Act by mid 2013. For oil and gas exploration, Acreage will now be awarded to the highest bidder who offers the best terms to the government and agrees to pay requisite fees. This exercise will be carried out publicly, replacing the current system where exploration rights are issued on a first-come first-serve basis.

By introducing competitive bidding, Kenya will join the ranks of countries like Tanzania that already have the system. Uganda plans to have a bidding process as well.