Driving sustainable investment in African Mining

Raj Ray

MD BMO Capital Markets

Raj joined BMO Capital Markets in October 2019 covering precious metals and has recently broadened his coverage to include critical minerals. Raj has over 10 years of sell-side research experience having worked previously at another Canadian broker-dealer covering Metals & Mining, and prior to that at a Canadian bank-owned dealer covering Precious Metals. Raj started his career in the industry at a natural resources company monitoring process operations in the base metals business. He has also worked at a risk management firm where he developed and reviewed risk evaluation metrics for mining and energy companies, and also integrated ESG factors to screen portfolios. Raj holds a bachelor in metallurgy and materials engineering from National Institute of Technology (Rourkela), India, and an MBA from the Schulich School of Business. Raj is also a CFA charterholder.


2026 Agenda Sessions

Strategic partnerships – The new model for mine financing

As capital markets tighten and risk aversion grows, traditional mining finance is evolving - with public-private partnerships (PPPs), development finance institutions (DFIs), and blended finance emerging as vital de-risking tools. This panel explores how these collaborations are transforming.

Monday 09 February 11:50 - 12:35 River Nile Stage (CTICC1 - Ground Floor - Investment Village)

Add to calendar 02/09/2026 11:50 02/09/2026 12:35 Strategic partnerships – The new model for mine financing

As capital markets tighten and risk aversion grows, traditional mining finance is evolving - with public-private partnerships (PPPs), development finance institutions (DFIs), and blended finance emerging as vital de-risking tools. This panel explores how these collaborations are transforming.

River Nile Stage (CTICC1 - Ground Floor - Investment Village) Africa/Johannesburg

Voices of progress – Harmony Gold

Mining’s most influential CEOs take the stage to share bold business strategies. These sessions offer a candid look at leadership decisions shaping the future, and progress, of mining.

Monday 09 February 15:20 - 15:40 Table Mountain Stage (CTICC1 - Ground Floor - Exhibition Hall)

Add to calendar 02/09/2026 15:20 02/09/2026 15:40 Voices of progress – Harmony Gold

Mining’s most influential CEOs take the stage to share bold business strategies. These sessions offer a candid look at leadership decisions shaping the future, and progress, of mining.

Table Mountain Stage (CTICC1 - Ground Floor - Exhibition Hall) Africa/Johannesburg