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Consolidated Nickel Mines wins Mining Indaba’s Investment Battlefield competition

This year Mining Indaba introduced the Investment Battlefield platform to support Africa’s new generation of emerging miners. It gave 16 junior mining companies the opportunity to pitch their projects to a panel of expert investors, competing for prizes that will support the development of new projects.

With judges including the likes of Investec’s Hanre Rossouw; Joanne Warner from Colonial First State Global Asset Management; and Georges Lequime, investment advisor for the Earth Resources investment group; the companies received invaluable input into their projects, said Phillip LoFaso, marketing director of Mining Indaba.

Consolidated Nickel Mines won the first annual Investment Battlefield competition for junior miners.

“Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of Mining Indaba and will be a growing part of Mining Indaba in future,” said Alex Grose, MD of the Mining Indaba.

Consolidated Nickel Mines CEO Simon Purkiss said: “While the decision to compete in the Investment Battlefield was rather last minute, the results have been fantastic. Presenting, and then winning, has meant that there has been a lot of discussion about the company and the project. We presented the message that we were raising the funds to re-start the mine so the exposure came at just the right time. The feedback from the judges on the merits of the project were very well received.”

Roger Murphy, CEO of Sula Iron and Gold, said: “I think the new Investment Battlefield competition at Mining Indaba was an excellent means to help the market identify some of the hottest new exploration stories in Africa. Using industry experts as judges must give potential investors a lot of confidence in the selection process. I’m delighted that the judges selected Sula Iron and Gold from a strong field of competitors.”

The total prizes of the platform is valued at more than £15 000 and include free attendance passes, an exhibition stand and hotel accommodation for the 2018 Mining Indaba.