People to watch in 2007
The four we think will make African headlines this year
Deputy chairman Anooraq Platinum
TUMELO MOTSISI sits atop a company likely to become one of the main beneficiaries of Anglo Platinum’s fast-tracked black empowerment programme. In addition to grabbing full control of the Ga-Phasha, the 12m oz platinum group metals and gold resource, Anooraq is also negotiating a 15% stake in AngloPlat subsidiary Lebowa Platinum.
Chairman Mvela Resources
ONE OF Motsisi’s rivals must be Mvelaphanda Resources, which is also chasing down transactions in the consolidation of SA’s platinum fields. Mvela Resources’ new chairman is the charming former Anglo CEO Lazarus Zim by virtue of his firm, Afripalm’s, R1,15bn investment in the empowerment firm.
Chairman Banro Corp
BANRO CORPORATION owns hulking great pieces of property in the TwangizaNamoya gold belt of eastern Democratic Republic Congo. There’s no state ownership of the land and resources to date exceed 12m oz of gold. But the question is not when the property will be developed but by whom. It’s probably an open secret that Banro won’t (and can’t) go it alone.
A MAN most mining company officials would like to know well if operating in the Democratic Republic Congo (DRC) is his end game.
Fortin memorably jolted a few firms last year by saying their failure to progress certain mining prospects over which government licences had been granted would result in losing them.