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Mining fund partnership to provide lowest risk vehicle for investing in junior mining companies

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February 2017 marks the launch of The JSS Empowerment Mining Fund. The fund is established by Jaltech and Stefanutti Stocks to fill a funding void in the junior mining sector in South Africa, while offering an attractive investment opportunity to investors through extensive risk mitigation and tax benefits. The fund’s target capital is R1 billion. 

The JSS Empowerment Mining Fund will operate in a unique niche, providing investment of between R30 and R500 million to qualifying South African junior miners. Importantly, the fund will support qualifying South African junior miners both in respect of operational expertise and financial stability. Stefanutti Stocks, a well-established construction, mining and processing company, will provide contract mining and processing services as well as appropriate on-demand guarantees against mining production volumes and processing quality – vastly reducing the operating and financial risks usually associated with junior miners.

“Junior miners globally often struggle to get affordable funding from financial institutions, particularly given recent depressed commodity prices. This is even more so in South Africa,” says Gaurav Nair, director of the fund. “This gap has been recognised by the South African government who have sought to address the needs of small-medium business owners to grow their business and contribute positively towards the stimulation of the economy.”

The fund’s board and investment committee brings executive-level and governance experience in leading (and often listed) companies in various industries to the table. Key players on the board include Chairman Mpho Makwana and directors Derrick Hyde, Mano Moodley, Gaurav Nair and Zukie Siyotula. 

Investment committee members have expertise in geology, mining engineering, mining operations across the whole value chain, mining investments and development, mining finance and auditing, mining contracting, and corporate and project finance. The investment committee is chaired by Zukile Siyotula and its members are Dr.John Hancox, Vinay Somera, Derrick Hyde, Frik Venter and Nthabi Ledwaba.

 

For more information please contact 

The JSS Empowerment Mining Fund

Tel:  +27 11 327 6392      

Web: www.jssminingfund.co.za

Email: info@jssminingfund.co.za

Applications: applications@jssminingfund.co.za

Gaurav Nair (Director)

Mob: (+27) 72 786 1455

Email: gaurav@jssminingfund.co.za

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  1. JSS_Teaser_Jan-24-01-2017.pdf 2/8/2017 9:52:47 AM