As the global crisis continues to cause concern, Africa is positioning itself as the continent in which the international investment community can do business. South Africa has a wealth of resources and the required skills to develop its mining sector. Siyanda Resources is positioning itself as an attractive investment opportunity and the company continues to build on its reputation for developing lasting partnerships.
As one of the first two black executives to receive a mine manager's certificate in South Africa's gold industry in 1992, Lindani Mthwa, executive chairman of Siyanda Resources, understands that mining requires long-term commitment.
"At Siyanda we understand the mining industry and are fully committed to the development of the company," he says. "We are in the process of attracting funds in order to develop our assets. With increased competition as more companies enter the resource sector, mining firms must be more focused and driven - at Siyanda, we are here for the long term."
Kangwane and Eloff mining coalfields are Siyanda's present coal projects. Through its employees' high-level engineering skills and experience in the mining sector, the company has the capacity to manage projects and develop strong partnerships with companies such as De Beers, Total and BHP.
Siyanda Chrome Investments, a subsidiary of Siyanda Resources, has a shareholding in Masa Chrome Company, a joint venture with Anglo Platinum which produces chrome for the export market.
"With the right partner, now is the time to invest in South Africa," Mthwa says. "We encourage the rest of the world to look at the economic opportunities this country offers and work with us to move South Africa forward. It is our time, and the youth of South Africa understand that we need to develop the country for the benefit of future generations."
With a flexible approach to doing business, the ability to understand South African legislative dynamics and a track record of meeting production targets, Siyanda Resources' future looks bright. "As a company, we will continually operate in a responsible, yet highly ambitious manner, to become a globally competitive resources company," Mthwa says. "We are focused on consistently increasing shareholder value through well researched investments, our ability to effectively operate strategic assets and by developing our network of reliable partners."Topics: South Africa Mining