Row rect Shape Decorative svg added to bottom 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 Absa Supports Heriot REIT’s Landmark Student Accommodation Development in Cape Town Absa Corporate and Investment Banking has partnered with Heriot REIT to provide development and investment financing for a landmark student accommodation project in Cape Town, reinforcing our commitment to enabling sustainable growth and investment across South Africa's real estate sector. Read more DEALS Absa supports investment in Eastern Cape retail communities Access to quality retail infrastructure plays an important role in sustaining local economies, creating opportunities for small businesses and providing communities with access to essential goods and services. Read more DEALS Stewarding retirement confidence across generations Enabling trusted continuity and long-term confidence as custodian to Africa’s largest pension fund. Read more
