{{Nedbank Capital has announed that it is keen on exploring gold and mining opportunities in African countries.}}
South African financial institution is reportedly investing in virgin ground exploration for gold in Tanzania, Ghana and Burkina Faso and also considering exploring Mozambique’s emerging coal industry.
The company has earlier 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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