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
Facebook
Twitter

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

Related Articles

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.

DEALS

Propelling South Africa’s Just Energy Transition

Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing.

DEALS

Building a more robust green energy landscape 

South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects.