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BATSALANI JUNIOR MINING: BLACK OWNED JUNIOR MINING INVESTMENT COMPANY Toronto: 4 March 2008. Farouk Abrahams Chief Executive: Batsalani Junior Mining. BATSALANI JUNIOR MINING GROWTH OPPORTUNITIES IN MINING IN SOUTH AFRICA.
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Chief Executive: Batsalani Junior Mining
Batsalani is a Setswana word meaning PARTNERSHIP, a philosophy our team shares with our associated strategic alliances, investors, partners, lenders, BEE consortia and portfolio investee companies
MINING & RESOURCES
“Incl. Junior Mines”
Services and procurement
Batsalani focuses on the following sectors:
Mineral and Petroleum Resources Development Act (MPRDA) 2002
Prospecting rights applied for between May 2004 and October 2007 totaled:
7 547 received
5 948 accepted
2 789 granted
2 033 issued
Mining permits applied for between May 2004 and October 2007 totalled:
3 840 received
3 255 accepted
1 318 issued
The natural consequence of the MPRDA and related legislation over the last 3 years resulted in conclusion of over US$ 10 billion BEE deals
Creation of black owned mining companies – Anooraq, BSC Resources
Creation of Partnership/JV’s – Platinum Australia, GVM Metals, Homeland Corp
Factors such as structurally higher demand in terms of “Chindia effect”, the weakening US$ and consolidation in supply, remain positive factors
South Africa is the world’s richest and most diverse repository of mineral commodities.
Globally, largest producer of gold, vermiculite, platinum and chromium.
Major deposits of antimony, coal, iron ore, manganese, nickel, phosphates, tin, uranium, diamonds, copper and vanadium
Dominant targets for recent exploration activity in South Africa:
PGM’s, Diamonds, Gold, Uranium and Coal
Source: SAMI Report – 2006-2007
Platinum group metals
Number = World Ranking
Source: Data from SAMI Report – 2006-2007
New BEE regulations (2002) have added some life into the industry by attracting smaller mining players to join the fray.
With the major players focusing on cross-acquisition, it is the smaller miners that are now expected to revive the industry.
Source: Business Monitor International
By Market Capitalisation
Source: Nedcor Securities, as at 15/2/08
Thejunior mining space in South Africa has increased massively in value
Source: Data from NedSec Junior Mining and Exploration Index and I-Net Bridge
Black owned and managed investment firm
Strong and experienced financial and technical team
Has established key relationships with all stakeholders in the industry
Source: NAMF Annual Report
Tel: +27 (0) 11 656 6816/7
South Africa – Johannesburg
Physical Location: 222 Rivonia Road
Block A, 1st Floor
Postal Address: P O Box 781809
Telephone: +27 (0) 11 656 6816/7
Fax: +27 (0) 11 656 6804