Row rect Shape Decorative svg added to bottom Empowering sustainable growth, one phase at a time. Absa | Corporate and Investment Banking > Insights and Events > Empowering sustainable growth, one phase at a time. SHARE Absa is proud to support the continued advancement of South Africa’s mining sector. We successfully supported the syndication of a USD700 million facility for the Ivanplats Phase 2 expansion – one of the country’s largest new mining projects in more than a decade. As mandated lead arranger, bookrunner, and underwriter, our role in this transaction reflects Absa’s deep sector expertise and strong track record in structuring funding solutions for complex projects. This facility supports the next phase of development at Platreef Mine, a project aligned with the growing global importance of critical minerals and South Africa’s long-term mining potential. Based on project expectations, the development is anticipated to contribute to economic activity through employment opportunities, skills development, B-BBEE participation, and responsible resource development. We are invested in your story and invite you to write it with us. For more information contact: Dean Hack Khuselwa Klaas https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more DEALS Backing bold growth in Ghana Across Ghana’s manufacturing and consumer goods landscape, the need to scale efficiently, strengthen local production and remain competitive continues to grow. Read more DEALS Powering South Africa’s energy transition through scalable infrastructure solutions Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Read more
