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MINING INDABA 2012: Gécamines has investment interest from DBSA, AFD

February 07, 2012 - 10:43 GMT Location: Cape Town

KEYWORDS: Gécamines , DRC , Democratic Republic of Congo , Ahmed Kalej Nkand , investment

Gécamines is looking at a range of options to secure $631 million in funding and has received interest from both the Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD), ceo Ahmed Kalej Nkand told Metal Bulletin on the sidelines of Mining Indaba.

The company, formerly a public enterprise in the Democratic Republic of Congo (DRC), aims to be producing 100,000 tpy of copper by 2015 under its strategic development plan, which it presented to delegates at the conference in Cape Town on Tuesday February 7. Gécamines is considering a number of options to raise the cash including internal financing of assets and improved management of its joint-venture partnerships, but it needs additional funding, Nkand told Metal Bulletin. “[Internal fund...

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