Unlocking sustainable
opportunities in African
mining

Enterprise and Supplier Development (ESD) investments coupled with a focus on Environmental, Social and Governance (ESG) frameworks, could provide a powerful combination for developing local manufacturing capacity to support the African mining and resources sector.

African-based mining and resource companies which have invested in renewable energy infrastructure over the last few years are not only reaping the benefits through access to cheaper power but also achieving sustainability goals identified by stakeholders including lenders looking to fund expansion.

As the race for valuable commodities intensifies, it is increasingly evident that geopolitical competition will catalyse a wave of Mergers and Acquisitions (M&A), reshaping the landscape of Africa’s resource-rich industries. India, the United States (US), Saudi Arabia and the United Arab Emirates (UAE) are all poised to commit further investment to the continent and Africa will need to find ways to maximise its investment attractiveness amidst global upheaval.

We are proud to have provided advisory services and financing for Infinity Power’s acquisition of Lekela Power, Africa’s largest renewables-focused, independent power producer.

As a leading funder of resource and mining projects on the African continent, we are excited by the confluence of opportunities that 2023 will present.

The recent surge in commodity prices have not only driven profitability but provided a handy kicker to the finances of governments across the African continent. There is still money to be made for forward-thinking operators who are prepared to look beyond extraction to mature Africa’s mining ecosystem.

While its contribution to GDP may have declined over time, the South African mining and resources sector is a systemically important part of the domestic economy. As such, continued innovation from operators, explorers and financiers will be key in driving the next phase of our economic recovery.

Security of supply is a major area of focus for mining and resources businesses in Africa and is likely to be a major driver of corporate action in 2023. Mergers and acquisitions (M&A) can be used as an effective tool to build supply chain resilience.

Our sustainable finance goals include assisting clients on their journeys to transition from fossil fuels to renewable energy sources, supporting our strategic theme of being an active force for good.

We’re proud to announce our role in arranging the biggest sustainability deal to date - Harmony Gold Mining Group's syndicated, multi-trance, sustainability-linked and green use of proceeds term debt package.