TORONTO, ONTARIO--(Marketwired - Jan. 30, 2014) - To commemorate the memory of the man whose tribal name is "Madiba," who left an indelible mark on modern-day history during the second half of the 20th century, and to pay homage to the efforts aimed at improving the living conditions of people across the African continent under his influence, IDNR-TV, the only television channel in Canada specializing in natural resources, has decided to dedicate the first Mining Film Festival to the memory of Nelson Mandela, to be held in November in Toronto.
The announcement was made by IDNR-TV today, as it seeks to focus on the life and times of this GREAT MAN.
The mining sector is the largest source of private foreign investment on the African continent, and Canadian investment is at the very forefront of this economic boom, which has benefited certain African States. Between 1992 and 1999, the number of mines operated in Africa by companies of all sizes listed on the Canadian Stock Exchange increased at an annual average rate of 40%. These companies had holdings in close to 630 mines, spread across some 39 African countries in the early 2000s.
All the more reason to cast an introspective glance over the quality of the Canadian presence in the African mining sector and the impact of this investment in the development of a renewed economy and social fabric. The festival also hopes to assist the general public, investors and non-investors, of the quality of the Canadian presence on African soil.
The Festival will take a critical, yet honest and objective view of mining activities in Africa. This highly dynamic economic sector is of major strategic importance both for African countries and for the West, as it is a fertile sector from which it is informative to analyze the consequences and scope of deregulation and privatization policies on the social and economic rights in Africa.
The Festival has the objective of becoming a leading gateway linking Canada and the African Continent, and in so doing hopes that Canadian industry will appreciate this cultural event; an event which hopes to be able to rise to the challenge of responsibility and accountability as laid down by recent Canadian mining initiatives in terms of mining operations in Africa in the extraction sector.