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Omega
held it’s third annual conference in
London
on Tuesday, 18 October 2005. The focus this year was on New Developments, New Sources
of Funding and New Opportunities; and the conference focus was
genuinely and widely representative of
Africa. This full-day event was hosted by Denton Wilde
Sapte, the
London
law firm with the most intense and extensive interest in mining
in
Africa.
Why
Africa?
Africa
is the world’s treasure chest of natural minerals.
Moreover, as David Hale points out in his overview of African
mining, conditions have never been better for investing in
mining in
Africa.
Why
London?
London
has for decades been the source of mining investment in Africa
and in recent times, investors on AIM have demonstrated an
exceptional willingness to invest in mining companies in Africa.
This
was a genuinely Pan-African conference covering mining in 16
African countries and themes of the conference included:
-
Developments
in Zambia, the DRC and
Tanzania
-
Mozambique
– increased stability and the emergence of a relatively
stable framework for resource development
-
Angola
– a new legislative framework and opportunities for new
licenses
-
Botswana
– beneficiation and new spin-offs in the diamond industry
-
Zimbabwe
– some surprising developments
-
Prospects
for gold
-
New
sources of off-shore funding – Toronto
and Perth
come to Africa, and AIM’s involvement grows
-
China’s role in African mining
This clearly
made for a very interesting and worthwhile event.
Who
attended?
Bearing in mind that the purpose of this event was to bring
together companies in search of investment and investors,
attendees included miners, explorers, brokers, bankers,
financiers, investors, media houses and mining service
industries.
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