The organiser of the Investing in African Mining Indabareg; (www.MiningIndaba.com)
conference is pleased to announce that the JSS Empowerment Mining Fund has signed on as a
sponsor of the new Junior Miners Pavilion, including the much anticipated Investment
Battlefield Competition (http://APO.af/quNHNC).
This newly launched $75 million fund, a partnership between boutique corporate
finance firm Jaltech and JSE-listed Stefanutti Stocks, offers funding for junior opencast
We believe that junior mines that are viable now will be very profitable when
commodity price levels improve in the future,rdquo; explains Gaurav Nair, Executive
Director of the JSS Empowerment Mining Fund. Supporting junior mining companies will
directly benefit investors and stimulate growth in the South African economy.And the tax
benefits for investors can be quite substantial.rdquo;[Note: Making use of a section 12
(J) vehicle, allows all investors to claim 100% of their investment as a deduction from
taxable income in the year of investment. Corporate investors are able to claim 70% of
the investment as B-BBEE qualifying spend on their score cards every year, for as long as
they are invested in the Fund]
The sponsorship is a perfect fit for the Mining Indaba, says MD Alex Grose. We
have always focused on connecting mining companies with government and the investment
community � this includes identifying and supporting the best junior mining
This year, Mining Indaba has devoted more of its resources to ensure that
investment remains the overriding focus of the event. The Investment Battlefield
Competition (http://APO.af/6m1B4h) will give junior mining companies the opportunity to
pitch their projects to a panel of expert investors, competing for a number of prizes
that will support the development of new projects. Involvement and support from the JSS
Empowerment Mining Fund will take this platform to the next level.
The JSS Empowerment Mining Fund joins the Chamber of Mines of SA and the DMR in
supporting the Junior Mining Pavilion and the Investment Battlefield Competition.
The first five participants announced are Bannerman Resources (Australia),
Consolidated Nickel Mines (UK), Energizer Resources (Canada), IPC Coal (South Africa) and
Premier African Minerals (British Virgin Islands).
For junior mining companies yet to register for Mining Indaba, signing up for the
Investment Battlefield Competition is free and will grant free entry to the Indaba for
the presenter of chosen competing mining companies. It is an opportunity not to be
missed; see http://bit.ly/MIBattlefield for more information.
Source: Mining Indaba.