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Chamber of Mines of Mozambique president Geert Klok invited junior miners to invest in Mozambique. He was speaking at the Junior Mining Indaba in Johannesburg.
Chamber of Mines of Mozambique president Geert Klok invited junior miners to invest in Mozambique. He was speaking at the Junior Mining Indaba in Johannesburg. For historical reasons, he said, Mozambique’s mineral resources are relatively unexplored Geert Klok said. This presents a big opportunity for junior mining companies, which are small and medium mining companies involved in the exploration and development of new deposits. They play a crucial role in the development of the industry. Currently, exploration work is ongoing in minerals such as heavy sand minerals, rare earth elements, lithium, gold, and magnetite.
Mozambique has a young but well-established mining industry, featuring amongst others heavy sands minerals, coal, and graphite. Mozambique is now the third-largest producer of natural graphite in the world. Due to its geographical location, 2500 km coastline, and established logistical corridors it is especially attractive to miners looking to export minerals in bulk.
Investors in junior miners tend to be based in the UK, Canada, and Australia. According to fellow panelist Boris Kamstra, investors may not be familiar with certain African countries and could be experiencing a language barrier. This may translate into a higher perceived risk to the investor.
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The Junior Mining Indaba is a popular meeting place to discuss the challenges and opportunities in junior mining in South Africa and elsewhere in Africa. It’s in its tenth edition this year.
