A shining example of Africa’s contribution to global critical minerals

We are pleased to have acted as Mandated Lead Arranger and Facility Agent for Kamoa Copper’s (‘Kamoa’) $400m credit facility to develop its mining operations in the Democratic Republic of Congo (DRC).

This transaction reaffirms Absa’s commitment to our clients and the African continent with its rich mineral potential.

Kamoa is a significant copper mine, and its phased expansion is crucial for promoting a cleaner energy transition. The mine will expand operations to an anticipated annual production of 600,000 tonnes of copper, making it the third-largest copper-producing mine globally, with the lowest greenhouse gas emissions per unit of metal produced. Moreover, the facility will enable the generation of 178 megawatts (MW) of clean hydroelectric power nationally.