Euromoney Institutional Investor PLC ("Euromoney"), the international online information and events group, has strengthened its position in the $1.2 trillion metals and mining sector with the acquisition of Investing in African Mining Indaba (“Mining Indaba”), the world’s largest mining investment event.
Mining Indaba, which takes place every February in Cape Town, South Africa, attracts over 7000 of the most influential professionals in African mining, making it the world's largest mining investment conference and Africa's largest mining event. Governments, investors, business leaders and regulators from more than 110 countries attend the event each year, as well as representatives from over 2300 international companies.
Euromoney will incorporate Mining Indaba into its market-leading stable of global commodities and investment brands, including Metal Bulletin, Industrial Minerals, Coaltrans, IJGlobal and Institutional Investor. The UK-listed group will draw on its strong links to institutional investors and governments worldwide further to enhance the investor content and networking which is at the heart of Mining Indaba.
The event attracts the most senior level speakers from the African and international investment and mining communities including in 2014, major investor and mining luminary, Robert Friedland, Tom Butler, Global Head of Mining of IFC, Sir Paul Collier from University of Oxford and the CEOs of AngloGold Ashanti, Rangold and Exxaro. Future events will develop further opportunities for investors looking to deepen their exposure to mining in Africa.
Using its experience in launching and building international events, Euromoney plans to expand Mining Indaba outside of South Africa. With its expertise in global commodities markets these events will serve the growing regional and international demand for investor-focused events in the $1.2 trillion global metals and mining sector.
"Over the past 20 years, Mining Indaba has established itself as the must-attend forum for anyone active in African mining," said Richard Ensor, chairman of Euromoney. "The event is highly complementary with our commodities and investment portfolios and will benefit from being part of a more diverse and international platform.
With Africa expected to play a central role in the global metals and mining sector for the foreseeable future, Euromoney also intends to build on Mining Indaba’s position as a premier mining investment event by investing in content and the latest networking tools and using our strong links with institutional investors and governments around the world."
Jonathan Moore, Managing Director of Mining Indaba, added: "We are very pleased to be joining the Euromoney team at a time when the outlook for African mining is visibly brightening. The vision and long-term commitment of Euromoney to the metals and mining sector fit perfectly with the strategy of Mining Indaba.
"With the strong financial backing, event management expertise, media support and prestigious investor reach of its new parent, Mining Indaba is well placed to deliver exciting, new learning and networking opportunities to its loyal customers. The transaction will also provide the support needed to extend the Mining Indaba brand both within Africa and around the world to meet growing demand."
