Mining and Minerals Beneficiation

A key job creation sector

The Mining and Minerals Beneficiation Strategic Business Unit offers finance and, where relevant, technical assistance to a range of mining-related enterprises, from emerging mining houses to jewellery manufacturing, with a focus on operations that have a significant developmental component.

We fund most types of mining activities, including onsite and offsite beneficiation.

We consider applications for financing of fixed assets and the fixed portion of growth in working capital requirements; new projects, expansions and rehabilitations; buy-ins or takeovers and acquisitions of existing profitable businesses by applicants who can show a significant historically disadvantaged persons component.

Financing is also possible for mining-related activities such as contract mining and expansions and working capital requirements for existing jewellery businesses.

We provide financing in four focus areas, namely:

• Financial and technical assistance for the development of mining, beneficiation and metals projects in South Africa and the rest of the continent;
• Financial assistance for junior and emerging mining houses and mining-related activities such as contract mining;
• Facilitating the acquisition of mining assets by historically disadvantaged persons; and
• Developing the South African jewellery manufacturing industry and optimising value-addition beneficiation opportunities.

We look at projects that have a significant developmental impact on job creation, export generation, value addition, strategic value, industry development, empowerment and rural development.

Projects that should apply for finance should be of sizeable value – namely, have a finance requirement from IDC of more than R1-million in debt and/or more than R5-million in equity.

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