Junior mining companies are often considered too small for traditional private equity and/or banking finance.
The JSS Empowerment Mining Fund was established by Jaltech and Stefanutti Stocks to fill a funding void in the junior mining sector in South Africa.
Tax incentives provided by section 12(J) of the South African Income Tax Act, 1962 (Act 58 of 1962), provide investors a return enhancement for investing into these companies.
By contracting the mining to Stefanutti Stocks, the fund drastically reduces the operational risk of its investments through performance guarantees on construction and mining volumes.
The fund’s partners and technical team have a comprehensive range of skills which reduce investment risk while maximising returns.
Furthermore, The Fund will be able to assist junior miners to pursue sustainable solutions which includes the significant creation of jobs for local communities and access and implementation of Stefanutti Stocks’ sustainability and community development programmes. The goal is to develop the junior mining company to become independent in the future.