21st Annual Investing in African Mining Indaba

2014 Mining Indaba – Keynote Speakers

Hon Colin Barnett MEc MLA

Hon Colin Barnett MEc MLA
Premier; Minister for State Development; Science
Western Australia

Since becoming WA’s 29th Premier on September 6, 2008, Colin Barnett has built a reputation as a strong advocate for Western Australia, for decisive leadership and promoting the economic and social development of the State.

As State Development Minister, Mr Barnett is committed to attracting investment and assisting the development of major projects based around Western Australia’s natural advantages in mining, petroleum and agriculture. Large-scale infrastructure projects in the city of Perth have also been progressed under his leadership, including sinking the railway line that divides the CBD, a city waterfront development on the banks of the Swan River (Elizabeth Quay), and a new world-class sports stadium at Burswood.

Since 2013, he has also been Minister for Science, in recognition of the central role that scientific innovation will take in the future of the State’s development, particularly in mining, agriculture, astronomy and the environment.

Mr Barnett is also determined to ensure that economic growth supports all West Australians, including the most vulnerable, through an innovative social agenda. The Liberal National Government leads Australia in the delivery of social services. In 2011, a $1billion social services package included $604million for the not-for-profit sector.

In 2010, Mr Barnett announced the creation of the Kimberley Wilderness Parks, one of the most significant environmental initiatives in WA’s history.

The Liberal National Government has also implemented genuine reform of public schools and allocated $7billion to rebuild the State’s public hospitals, including the 783-bed Fiona Stanley Hospital and a new world-class children’s hospital.

In 2013, Mr Barnett led the Liberal Party to a second term in government with an historic increase in seats. The Liberals govern in an alliance with the National Party.

Mr Barnett has been the Liberal Member for Cottesloe since 1990 and was a senior minister in the Court Government (1993-2001) holding the portfolios of Resources Development, Energy, Education and Tourism. From 2001 to 2005, he was Leader of the State Opposition.

He holds an Honours and Masters Degree in Economics from the University of Western Australia.

Tom Butler

Tom Butler
Global Head of Mining
World Bank/ IFC

Tom leads IFC's investment activities in mining exploration and development. His team oversees a $500 million debt and equity portfolio spanning over 37 projects in 25 countries. Tom joined IFC in 1997 and has focused on the financing of oil, gas and mining projects, mainly in Africa and Latin America. Tom spent five years in IFC's infrastructure department, financing projects such as airports, shipping, and power companies, again with a focus on Africa, where he was based for three years between 2006 and 2009. Tom was appointed IFC's head for Mining in March 2011. Tom has a degree in engineering from Cambridge University, England, and an MBA from INSEAD, France. He is based in Washington DC.

Sir Paul Collier

Sir Paul Collier
Professor of Economics and Public Policy at the Blavatnik School of Government
Director of the Centre for the Study of African Economies at the University of Oxford

Sir Paul Collier is Professor of Economics and Public Policy at the Blavatnik School of Government and Director of the Centre for the Study of African Economies at the University of Oxford. He is also Co-Director of the International Growth Centre and is currently a Professeur invité at Sciences Po. From 1998–2003 he took a five-year Public Service leave during which he was Director of the Research Development Department of the World Bank. In 2008 Sir Paul was awarded a CBE ‘for services to scholarship and development’.

He advised the British Government on its recent G8, in which corporate tax avoidance and evasion were core concerns. This work is described in his article in Prospect, April 2013. Sir Paul is currently adviser to the Strategy and Policy Department of the International Monetary Fund. He has written for the New York Times, the Financial Times, the Wall Street Journal, and the Washington Post.

His research covers the causes and consequences of civil war; the effects of aid and the problems of democracy in low-income and natural resources rich societies. Recent books include The Bottom Billion (Oxford University Press, 2007) which in 2008 won the Lionel Gelber, Arthur Ross and Corine prizes and in May 2009 was the joint winner of the Estoril Global Issues Distinguished Book prize; Wars, Guns and Votes: Democracy in Dangerous Places (Vintage Books, 2009); The Plundered Planet: How to reconcile prosperity with nature (Penguin, 2010); and Exodus: How Migration is Changing Our World, to be released on 3rd October 2013 (Penguin).

Robert M. Friedland

Robert M. Friedland
Ivanhoe Capital Corporation

For more than 20 years, international financier Robert Friedland has been a recognized figure among the leaders of the global financial sector and mineral resource industries who have influenced investment decisions and contributed to economic growth in established and emerging markets in Asia, the Asia Pacific Region, Sub-Saharan Africa and the Americas.

Mr.Friedland is Chairman of Ivanhoe Capital Corporation, his family’s private company founded in 1987 and now with operations based in Singapore, Beijing and London. Ivanhoe Capital specializes in the provision of venture capital and project financing for international business enterprises, predominantly in the fields of minerals, energy and advanced technology. With his leadership, Ivanhoe executives and more than 15 benefiting, public and private companies that have been affiliated with Ivanhoe Capital have raised a total of more than US$10 billion on world capital markets since 1993. This capital has been invested in more than 30 nations, directed primarily at the discovery and production of mineral and energy resources and the development and application of innovative exploration, processing and communications technologies.

Eleni Gabre-Madhin

Eleni Gabre-Madhin
Chief Executive Officer
Eleni LLC

Eleni Gabre-Madhin is co-founder and chief executive of eleni LLC, a newly formed company with equity investments by Morgan Stanley and IFC (International Finance Corporation) that is positioned to be the industry leader in designing, building, and supporting the operations of commodity exchange eco-systems in frontier markets. The company’s business model is to deliver exchange turnkey projects on a Private-Public Partnership (PPP) basis. Eleni Gabre-Madhin is founder and former CEO of the highly acclaimed Ethiopia Commodity Exchange (ECX), which she founded and managed from 2008 to late 2012, successfully trading $1.2 billion in 3 years.

A globally recognized thought leader on agricultural commodity markets, she has held prior roles at the World Bank, the International Food Policy Research Institute in Washington, and UNCTAD in Geneva. Eleni Gabre-Madhin has a PhD in applied economics from Stanford University, an MSc in Agricultural Economics from Michigan State University, and BA in economics from Cornell University, and was awarded Outstanding Dissertation by the American Agricultural Economics Association in 1999.

Eleni Gabre-Madhin was recently selected among 100 Most Influential Africans, and awarded the coveted Yara Prize for Agricultural Transformation in Africa and the African Banker Icon in 2012. She was named among 50 Women Shaping Africa by The Africa Report in 2011, nominated Outstanding African Businesswoman in 2010, and selected as Ethiopian Person of the Year in 2009. ECX is the first company in Africa to receive the prestigious global CIO100 Award for IT excellence applied to business in 2011 and was named Agricultural Initiative of the Year by Africa Investor in 2011.

David Hale

David Hale
Founding Chairman
David Hale Global Economics

David Hale is a Chicago-based global economist and founding chairman of David Hale Global Economics. His clients include financial institutions in North America, Europe, Asia, Australia, and Africa. Hale writes for major publications and is a member of various institutions and organizations such as the National Association of Business Economists, Academic Advisory Board of the Federal Reserve Bank of Chicago, Competitive Markets Advisory Council of the Chicago Mercantile Exchange and many others. China Takes Off, published in Foreign Affairs in 2003 and written jointly with his wife Lyric Hughes Hale, is one of the most oft-cited surveys of China’s economic ascendency. Their newest publication, “What’s Next? Unconventional Wisdom on the Future of the Global Economy” published by Yale University Press in 2011.

Frank Holmes

Frank Holmes
CEO and Chief Investment Officer
U.S. Global Investors, Inc.

Frank Holmes is CEO and Chief Investment Officer of U.S. Global Investors, Inc., which manages a diversified family of mutual funds and hedge funds specializing in natural resources, emerging markets and infrastructure.

The company’s funds have earned many awards and honors during Mr. Holmes’ tenure, including more than two dozen Lipper Fund Awards and certificates.

The Global Resources Fund (PSPFX) was Lipper’s top-performing global natural resources fund in 2010. In 2009, the World Precious Minerals Fund (UNWPX) was Lipper’s top-performing gold fund, the second time in four years for that achievement. In addition, both funds received 2007 and 2008 Lipper Fund Awards as the best overall fund in their respective categories.

Mr. Holmes was 2006 mining fund manager of the year for Mining Journal, a leading publication for the global resources industry, and he is co-author of “The Goldwatcher: Demystifying Gold Investing.”

He is also an advisor to the International Crisis Group, which works to resolve global conflict, and the William J. Clinton Foundation on sustainable development in nations with resource-based economies.

Mr. Holmes was previously a research analyst, portfolio manager and managing director of corporate finance in Canada. He is a former president and chairman of the Toronto Society of the Investment Dealers Association, and he served on the Toronto Stock Exchange’s Listing Committee.

Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences. He is also a regular commentator on the financial television networks, and has been profiled by Fortune, Barron’s, The Financial Times and other publications.

Gavin Keeton

Gavin Keeton
Rhodes University

Gavin Keeton was born and educated in Grahamstown, South Africa. He obtained a PhD in Economics from Rhodes University in 1984. Gavin worked as an economist at the Development Bank of Southern Africa and then at Standard Bank Investment Corporation before joining the economics office of Anglo American in 1990. As Chief Economist from 2001 until March 2008 Gavin was responsible for advising the Anglo American group on developments in the global economy and in financial markets and their implications for the mining industry.

In 2009 Gavin returned to Grahamstown as an Associate Professor in the Department of Economics and Economic History. He writes a fortnightly macroeconomic policy column in Business Day.

Guy Lundy

Guy Lundy
Odgers Berndtson

Guy Lundy is a Principal Consultant in the Cape Town office of Odgers Berndtson and focuses on the Energy, Consumer and Technology sectors.

Until recently, Guy was the CEO of Accelerate Cape Town, a business think-tank and stakeholder grouping representing fifty of the biggest companies in Cape Town. He has 15 years’ experience in management consulting, including having run his own international corporate strategy consultancy. He has also worked for international firms such as Ernst & Young, Oracle, the London Stock Exchange and Dimension Data, during several years of living on four continents.

Guy is a well-known keynote speaker, focusing on the future of business in Africa and is a Director on the Boards of several South African organisations.

Guy completed his Bachelor of Commerce (Honours) in Economics at the University of Cape Town and his Masters in Futures Studies at Stellenbosch University. He is the author of two books about South Africa and its future, and in 2009 he was listed as one of the ‘Top 100 Thinkers in South Africa’ by the Business Day newspaper.

Archbishop Njongonkulu Ndungane

Archbishop Njongonkulu Ndungane
Founder and Chair of the board, African Monitor and Former Archbishop of Cape Town

Winston Hugh Njongonkulu Ndungane was born in Kokstad, South Africa on 2 April 1941. He graduated from Lovedale High School, Alice, in December 1958. During March 1960 he was involved in anti- Pass Law Demonstrations while a student at the University of Cape Town. From August 1963 to August 1966 he served a three-year sentence on Robben Island as a political prisoner.

While in prison, Njongonkulu received a call to serve God in the ordained ministry. He was made Deacon in December 1973 and ordained priest in July 1974. He served his title and first curacy at St Mark’s Parish Athlone in the Diocese of Cape Town. In June 1979 he was awarded a Master of Theology degree in Christian Ethics, also at King’s College. On his return to South Africa in 1980 he was appointed the Rector of St Nicholas, Matroosfontein. In September 1996 he was elected Archbishop of Cape Town and Metropolitan of the Anglican Church of Southern Africa.

He has been awarded several honorary degrees:- His own book, A World with a Human Face: A Voice from Africa, part-autobiography and part- record of some speeches and sermons, was published in 2003. In 2008 Faith in Action – an exploration in contemporary public theology in honour of, and in dialogue with the Archbishop by South African and international church leaders, theologians and civil society figures, was published. The biography of Archbishop Njongonkulu Ndungane: ‘From Robben Island to Bishopscourt’ was launched in August 2011.

The Archbishop has been deeply involved in campaigns to abolish odious debt of developing countries in Africa working with the Jubilee 2000 Campaign. He has been part of various coalitions campaigning on poverty alleviation, and championing the causes around HIV/AIDS.

In 2006 he launched African Monitor. Njongonkulu Ndungane was appointed Chair of Council of the University of Cape Town in 2008. In October 2009 he was awarded the Drivers of Change Award, for his lifelong commitment to place the poor at the center of social and economic policies.

Archbishop Ndungane continues to be recognised for his dedication and was bestowed the Order of the Grand Counsellor of the Baobab: Silver by President Thabo Mbeki in April 2008.

Phil Newman

Phil Newman
Chief Executive Officer
CRU Strategies.

Phil Newman is the CEO of CRU Strategies, the consultancy division of the CRU Group. Prior to joining CRU in 2006, Phil was a Principal with Golder Associates and a specialist in the field of paste technology, spending 10 years designing and constructing paste plants across the globe. Phil has a BSc Hons in Physics and a Masters in Mining Engineering from McGill University, Montreal.

Sipho Nkosi

Sipho Nkosi
Chief Executive Officer
Exxaro Resources Limited

Sipho Nkosi was born on 29 April 1954 at Vryheid, KwaZulu-Natal and his career has enabled him to develop a depth of experience in the energy and coal sectors both locally and internationally.

Sipho is the CEO of Exxaro Resources Limited. Prior to this, Sipho was one of the founders and CEO of Eyesizwe Coal. Prior to Eyesizwe Coal, Sipho was Country Manager of ABB Alstom Power (SA), having previously worked with Anglo Coal and Ingwe. He was Export Marketing Co-ordinator in the international marketing division of Anglo Coal from 1986 to 1991. In 1992 Sipho joined Ingwe as the Marketing Manager responsible for international coal marketing. This position involved extensive travel and provided him with an in-depth knowledge and understanding of the coal industry worldwide.

Sipho serves on a number of company boards including Sanlam. Sipho is a Past President of the Chamber of Mines of South Africa and has been serving on the Executive Council of the Chamber since November 2006. Previously he served as Chairman of the Chamber’s Collieries Committee.

Sipho holds the following degrees: BCom (University of Zululand), BCom (Hons)(Econ)(Unisa), MBA (University of Massachusetts, Boston) and a Diploma in Marketing Management (Unisa) and in July 2009 he completed the Advanced Management Programme at the University of Oxford in the UK.

In November 2012 Sipho was the South African winner in the Master Entrepreneur Category of the Ernst & Young World Entrepreneur Award and represented South Africa at the global awards in Monte Carlo in June 2013. On 18 October 2013 he received the Tinie Louw Award at the Afrikaanse Handelsinstituut’s National Congress for his business leadership.

Sipho is married to Nondili and has three children. His biggest passion in life is to be involved in charity work and when time permits, he works out in the gym and listens to classical music.

H.E. Mrs. Susan Shabangu

H.E. Mrs. Susan Shabangu
Minister of Mineral Resources
Republic of South Africa

Susan Shabangu is the Minister of Mineral Resources of the Republic of South Africa as well as a member of the African National Congress’ National Working Committee. She serves on the National Executive Council (NEC) of African National Congress. Shabangu sat on the Board Directors of the 2010 FIFA World Cup LOC.

  • Minister of Mineral Resources of the Republic of South Africa since 11 May 2009.
  • Member of the African National Congress (ANC) National Working Committee since December 2007.
  • Member of National Executive Council (NEC) of African National Congress (ANC).

Academic Qualifications

Attended Madibane High School in Soweto (1977).

Career/Positions/Memberships/Other Activities

  • Became involved in political career since 1980.
  • Assistant Secretary, Federation of South African Women (FEDSAW), Federation of Transvaal (1980).
  • Active member of the Anti-Republic Campaign Committee (1981).
  • Involved in the formation of the Release Mandela Campaign Committee (1982).
  • Organiser/Administrator for the Amalgamated Black Worker’s Project (1984 – 1985).
  • Representative of the Transport and General Worker’s Union (T and GWU) at the Industrial Council.
  • National Women’s Co-ordinator for the Transport and General Workers Union (T and GWU).
  • Member of the Congress of South African Trade Unions (COSATU) National Women’s Sub-Committee working with women’s issues and representing the T and GWU on National level.
  • Involved in the voter education programme with COSATU National Election Task Team aimed at workers during the election campaign.
  • Served in the ANC National Election Steering Committee. – Elected at a COSATU Special Congress as a regional candidate to the National Assembly (1994).
  • Advisor to the September Commission assigned to look at future of the unions during transitional stage and later Member of Parliament.
  • Has actively participated in committees such as Labour, Transport and Trade and Industry since 1994.
  • Served in the ANC East Rand PCO Management Committee (1995 – 1996).
  • Deputy Minister of Minerals and Energy of the Republic of South Afrrica (April 1996 – April 2004).
  • Vice-Chairperson of the National Labour and Development Institute.
  • National Treasurer of SANCO
  • Deputy Minister for Safety and Security of the Republic of South Africa from April 2004- 10 May 2009.. Source:The Presidency