DRC upbeat ahead of key mining summits

Group 5 constructionJOHANNESBURG, (CAJ News) - THE Democratic Republic of Congo has been projected to transform the region’s landscape, experts have said ahead of this year’s Infrastructure Partnerships for African Development (IPAD).

IPAD is slated for October, the month when the DRC will host two prominent mining summits.

The 11th edition of iPAD DRC Mining and Infrastructure Indaba in Kinshasa from October 15-16 will be followed by the sixth edition of the Katanga Mining Week in Lubumbashi from October 20 -21.

"We're proud that the iPAD brand is so established and respected after more than 10 years and has become synonymous with the mining industry in the DRC," says Nicole Smith, event director for iPAD in DRC.

"As Africa's third-largest country, the DRC could transform the region's socio-economic landscape. While we await the approbation of the mining code at Parliament, exploration and projects development are the main issues faced by major mining operators and government institutions."

Smith says weak commodity prices, poor finance and investment opportunities are currently hampering the healthy development of this flourishing extractive industry in the region.

Smith says mining operators, however, are increasingly looking at ways to curb operational spending while maintaining or increasing production levels.

“During iPAD DRC and Katanga Mining Week, we look forward to hearing our top industry peers share best practice and the latest project updates."

Among the highlights would be the iPAD DRC Mining Awards, were launched with great success last year and will also return in Kinshasa in October when the industry will reward excellence in the top mining people and projects.

This year an eighth category has been added, namely Mining Woman of the Year.

The event will be moving to a new venue at the Beatrice Hotel.

Meanwhile, both iPAD DRC Mining and Infrastructure Indaba and Katanga Mining Week are enjoying massive industry support again.

Ivanhoe Mines is the diamond sponsor and Standard Bank the platinum sponsor in Kinshasa.

Furthermore Banro Corporation, Engen and Tenke Fungurume have signed up as platinum sponsors at both events. Aggreko, Andritz Hydro and Tiger Resources are gold sponsors.

iPAD DRC Mining and Infrastructure Indaba and Katanga MiningWeek are organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the United Kingdom.

 – CAJ News

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