Govt creating junior miners’ fund, boosting geoscience, permitting zama-zamas Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as legitimising illegal diamond zama-zamas in Kimberley. Revealing these initiatives at the Junior Indaba on Tuesday, Mineral Resources Deputy Minister Godfrey Oliphant told Mining Weekly Online that the junior mining fund was being established within the context of a departmental junior miners’ programme aimed at providing opportunities for new entrants identified throughout the mining value chain.