What you need to know about the Investing in Africa Mining Indaba

The world’s largest mining investment conference and Africa’s biggest mining event has just started in Cape Town.

But what is the Investing in African Mining Indaba all about and what does it mean to the local economy? It is a gem considering that 2‚300 international companies are represented at the event according to the indaba’s website.

Have a look at some of the facts and figures of the mining indaba:

- An average 100 countries and territories across six continents represented annually;

- 45 African and non-African government delegations in participation;

- approximately 400 sponsoring companies representing an impressive sampling of the world’s largest mining companies by market cap;

- Billions of US dollars of foreign investment have been channeled into the African mining value chain throughout the last 19 years of the annual Mining Indaba. The successful collaboration amongst the organisers‚ the South African and many other African governments‚ and Mining Indaba’s partners have led to this success;

- R610 million in revenue has flowed directly to the local Cape economy throughout as a result of Mining Indaba (tracking from 2007-2015). This revenue includes hotels‚ tourism‚ shopping‚ golf and more;

- 5‚000 direct and indirect jobs have been created as a result of the Mining Indaba (tracking from 2007 through 2015); and

- 20‚000 hotel room nights sold across 40 accommodations sites in the immediate Cape area.

Read more on Mining Indaba website.

TMG Digital/TimesLIVE