Expectations are hotting up for bigger, upbeat Mining Indaba
With the commodity price upsurge and companies slowly returning to profitability, commentators are expecting this year's indaba to be more upbeat and a lot less gloomy.
The allure of Cape Town's Mining Indaba for most mining analysts, investors and geologists has always been the warmer weather that the city offers rather than the wintry climes of London or New York. For the past 23 years, it has been a perfect escape. Over the past few years, however, there's been a marked decline in excitement at the potential for any deal-making at the city's convention centre following an end to the China-driven commodity super-cycle. Attendance fell and while pin-striped analysts and investors from abroad have continued to flood into the city, their main concern wasn't PowerPoint presentations. This year may mark a turning point. About 32% more companies will be attending the event and close to 71% more investors have registered than last year, according to conference organisers. With the commodity price upsurge and companies slowly returning to profitability, commentators are expecting this year's indaba to be more upbeat and a lot less gloomy. Inspired by ris...
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