Nedbank Capital to invest in African gold mining projects

mine wikimediaThe firm is also eyeing greenfield projects in Canada and Australia. (Image source: TJBlackwell/Wikimedia Commons)Nedbank Capital has announced that it is keen to invest in gold mining opportunities in a number of countries across Africa.

The South African financial institution is reportedly interested in investing in virgin ground exploration projects for gold in Tanzania, Ghana and Burkina Faso, and has also been considering investing in Mozambique’s emerging coal industry.

The company has previously financed mining projects in Namibia, Malawi, Sierra Leone, Liberia and Kenya. Recently, Nedbank Capital had entered a joint venture with Standard Bank to refinance uranium mines in northern Malawi and Namibia.

The investment firm said that it now wants to finance greenfield projects outside Africa. Canada and Australia top the company’s agenda.

Paul Miller, mining and resources investment banker of Nedbank Capital, said, “We consider any investment outside Africa as part of a strategy for greater, long-term investment in the continent. Toronto, Vancouver and Perth are significant mining business communities that spearhead financing and mining project development in Africa.”

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