A shining example of Africa’s contribution to global critical minerals Absa | Corporate and Investment Banking > Insights and Events > A shining example of Africa’s contribution to global critical minerals SHARE Unfolding a landmark critical minerals transaction with Kamoa Copper, is a story we are proud of. That’s how we are invested in your story. 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. Contact Dean Hack for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering Agricultural Trade in Africa This USD 45 million facility supporting Royal Nuts’ subsidiary, Dorado in Côte d’Ivoire, the world’s largest single-roof cashew processing facility, driving economic growth, community upliftment, and global market expansion, will boost its working capital and optimise supply chain efficiency in West Africa. Read more DEALS Accelerating transformative Infrastructure development for long-term impact Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. Read more DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more
