Aury Africa is ideally positioned to take advantage of the uptick in the mining industry, as indicated by the prevailing air of optimism at the Mining Indaba in Cape Town in February, according to Executive Director Mduduzi Magubane.
Mduduzi is also Managing Director of Nkomose Consulting Engineers & Projects, a 100% black-owned South specialist mining solutions company. The Nkomose Group has entered into a Broad-Based Black Economic Empowerment (B-BBEE) deal with Aury Africa, a screening and vibrating equipment solutions provider to the African mining industry.
As Executive Director, Mduduzi has direct input into ‘steering the ship’ and help guiding the way forward. “There are lots of opportunities. They need to be identified, targeted, and exploited for their potential. I intend this to be a team effort.”
Mduduzi’s vision for Aury Africa is, firstly, to establish a solid foothold in South Africa, while taking advantage of the depth of knowledge and experience within the holding company, the Dadi Engineering Development Group (DEDG). This will be the gateway to the Southern African Development Community (SADC) and the rest of Africa.
Aury Africa has access to the knowledge base and experience within DEDG. This is a young and vibrant company that has excellent leadership, and is following the Chinese goal of being innovative and breaking with old traditional ways of thinking. Typically, the Meiteng Dry Sorter is a good example, with over 60 units sold in China last year alone.
“There’s great potential for growth, especially where technology and artificial intelligence is integrated into the mining industry. Digital migration allows for such opportunities, where DEDG has achieved great success in this space. There are more junior miners coming into the mining space, with different ideas and applications allowing for new opportunities,” Mduduzi highlights.
Aury Africa will take advantage of the new opportunities for growth by remaining competitive and flexible. “The 2013 commodity price slump required innovative ways to ensure that, as a company, we stay afloat, while ensuring job security for all of our employees. Diversification is also important, and we have acquired different businesses to further diversify our portfolio in this industry,” Mduduzi notes.
Commenting on the state of the mining industry, Mduduzi refers to the presidential investment summit convened last year, where a number of mining houses committed to substantial amount of investment in South Africa over the next couple of years.
This demonstrates a positive outlook from investors and, to a certain extent, confidence in the Mining Charter in its current form. On the downside, resource prices and other issues have led to quite a number of job losses in the country, especially in the Platinum Group Metals (PGM) sector. The issues plaguing the power utility also impacts investor confidence and any start-up projects.
Mduduzi was born on 13 February 1986. Raised by his grandparents and mom, he spent his childhood in the small township of Zithobeni outside Bronkhorstspruit. He studied electrical and mechanical engineering. He also holds a safety risk management degree and a government certificate of competency (GCC) for Mines and Works and also holds an MBA. He has held different managerial and strategic positions in the mining industry, from coal to platinum, iron ore, and manganese.