Mining Indaba 2018 – Day four round-up

The global mining community coalesced in Cape Town for the Mining Indaba’s final day, with all those in attendance imbued with a new level of confidence in the industry after another successful year of networking. Here is a selection of highlights from day four.


Nigerian entrepreneur crowned best emerging miner at indaba

Fresh from his company being crowned winners of the investment battlefield competition, Segun Lawson of Thor Explorations also triumphed in the annual emerging miners competition.

Nigerian-born Lawson plans to start the construction of his first gold mine this year, the Segilola project, which he said is probably the most advanced gold exploration project in Nigeria.

“We’re doing exploration and feasibility studies to start mining,” Lawson told African News Agency after accepting his trophy at the indaba.

“Raising capital has been the most difficult thing,” he continued. “You’ve just got to be extremely tenacious, patient and have a very strong stomach for rejection, because you get rejected a lot.”

Thor is listed on Toronto’s junior board the TSXV and aims a second listing on London’s AIM.

Lawson is a geologist by profession and also worked in investment banking before founding Thor, which has operations in Nigeria, Senegal and Burkina Faso.


Richards Bay zone aims to attract investors at indaba

Representatives from the Richards Bay Industrial Development Zone (RBIDZ) aimed to charm potential investors from the mining sector seeking export and import opportunities in KwaZulu-Natal province.

RBIDZ’s acting manager for business development and support Mzamo Khuzwayo said the zone’s close proximity to Richards Bay meant it had access to a well-established road, rail and ICT infrastructure network.

“The port of Richards Bay is one of the deepest ports in South Africa, which means that it can handle larger vessels than other ports,” he said.

“This presents good opportunities for companies that need to import maybe some of their raw materials, or to export their final product.