As the Mining Indaba opens in Cape Town, Intierra reports a total of $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 showed that most of this activity derived from the Australian and Canadian exchanges. Some $1.69 billion was raised on the Australian Stock Exchange (ASX) and $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 $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.”

The recently amalgamated Intierra and Raw Materials Group (RMG) have long supported Indaba, and will again be participating at this conference. RMG’s CEO Professor Magnus Ericsson is speaking and IntierraRMG will be conducting information-search demonstrations.