A total of US$3.89 billion was raised for resource projects in Africa from equity funding across global stock exchanges during 2011.

An analysis of data from IntierraLive, the premier source of resource sector business intelligence, showed that most of this activity derived from the Australian and Canadian exchanges. Some US$1.69 billion was raised on the Australian Stock Exchange (ASX) and US$1.39 billion on the combination of Canada’s Toronto (TSX) and Venture (TSX-V) exchanges. Capital raisings for Africa from London during 2011 amounted to US$720 million.

IntierraRMG Executive Director, Glen Jones said, “These figures reflect the strong commitment to Africa from resource companies listed in Australia and Canada. There was an especially positive trend in African resource activity from companies listed on the ASX, where capital raisings rose 25% compared with 2010. This increase was helped by 19 initial public offerings on the ASX, with the newcomers being focused predominantly on exploration in Africa.”

This is timely information, with Africa’s largest mining exhibition, Indaba, being held shortly. The recently amalgamated Intierra and Raw Materials Group (RMG) have long supported Indaba, and will again be participating at this conference. RMG’s chief executive officer Professor Magnus Ericsson is speaking and IntierraRMG will be conducting information-search demonstrations.

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