The Department of Trade and Industry (dti) is leading a delegation of companies on an Outward Selling and Investment Mission (OSIM) to Canada, which gets underway today.
The investment mission is undertaken in collaboration with the Department of Mineral Resources (DMR) and Investment South Africa (ISA), a division of the dti.
The mission, which is led by Mineral Resources Deputy Minister Godfrey Oliphant, will provide an opportunity to promote South Africa as a supplier of mining capital equipment and related mining services.
The delegation includes junior miners that are in possession of prospecting and mining rights that are looking to attract investors for their projects. Companies that are in the capital equipment, engineering, metal fabricating sectors as well as exporters in mining related sectors are also part of the mission.
Trade and Industry Minister Dr Rob Davies said the OSIM is an important vehicles that will enable local companies to secure investment within the mining industry.
“This is an opportunity to promote South Africa as a supplier of mining capital equipment and related mining services, whereby mining houses operating in Africa can purchase equipment and services from South Africa.
“Both these events will position South Africa to contribute to the development of the mining industry, which makes expanding into the international and cross-border markets an essential growth strategy,” said Minister Davies.
The OSIM programme will include a seminar followed by one-on-one sessions with potential investors and importers.
In addition, the delegation will attend the Prospectors Developers Association of Canada (PDAC) International Convention.
The PDAC is the world’s leading convention for companies and organisations connected with mineral exploration and mining development. There are 1 000 Canadian and foreign exhibitors and about 25 000 visitors that are expected at the convention.
The OSIM will conclude on 8 March. – SAnews.gov.za