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 Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
