Breaking new ground for meaningful impact through mining Absa | Corporate and Investment Banking > Insights and Events > Breaking new ground for meaningful impact through mining SHARE Absa’s balance sheet commitment will ensure Gamsberg Mine is ranked among the top five zinc-producing mines globally and will help BMM create jobs and improve economic activity in the region. We are invested in your story and invite you to write it with us. We are pleased to have acted as Joint Mandated Lead Arrangers and Sole FX Hedge Coordinator for Vedanta Limited’s subsidiary, Black Mountain Mining (‘BMM’), to fund the Phase II Expansion Project of its Gamsberg Mine. Gamsberg Mine, located in Aggeneys, a mining town in the Northern Cape, is BMM’s open-pit operation and South Africa’s largest zinc mine. This new facility will fund the mine’s expansion, including the construction and commissioning of a new concentrator plant, which will double ore output and concentrate production. Absa provided an innovative multi-product solution to BMM, which includes term funding, hedging and working capital facilities. It is inspiring to see how our expertise and financial solutions can partner with clients to spark hope in the lives of ordinary people. Contact Lebohang Mokhosi for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS A shining example of Africa’s contribution to global critical minerals 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. Read more DEALS Advancing Africa’s telecommunications story We are pleased to have acted as Sole Financial Advisor on the landmark sale of MTN Guinea-Bissau to Telecel Group Mobile. Read more DEALS Leading the Expansion of Africa’s Capital Markets We are pleased to have acted as Lead Transaction Advisor for Emtel Limited on their Initial Public Offering and subsequent listing on the Stock Exchange of Mauritius. Read more
