The Deputy Minister of the Department Mineral Resources, Mr Godfrey Oliphant (MP) addressed delegates at the 11th Asia-Pacific Mineral Resource Exhibition and Conference in Kuala Lumpur, Malaysia on the 10th November 2016. Oliphant aligned his speech with the theme “Capital Raising, Funding and Investment in the Mining Sector.” The conference created a platform to appraise industry players, investors and private sector organisations and corporates in the mineral resource industry of the current opportunities and facilities available with regard to capital raising and funding requirements.
“Sustainable capital raising and funding of the mining sector requires a well-developed financial market with the full range of financial instruments,” Deputy Minister Oliphant noted. The Deputy Minister added that as the commodity cycle gradually turns, it is important for stakeholders in the mining industry, to reflect on the best ways of designing a funding framework that would strike a healthy balance between competing demands on the mining projects.
In his visit, Deputy Minister Oliphant and the South African High Commissioner to Malaysia, Ms SI Mhlanga engaged with Malaysian counterpart, Deputy Minister of Natural Resources and Environment (NRE), Dr Datuk Hamim Samuri on the potential areas of cooperation in the minerals sector between the two countries.
For further media enquiries:
Solomon Phetla
Cell: 076 765 3863
Email: Solomon.Phetla@dmr.gov.za
