Mantengu relisting a first step in unlocking ‘funding floodgates’ for rural empowerment
Miner has access to a $70m reinsurance facility to write guarantees out of London, which the company wants to spend over the next 15 months
09 August 2022 - 19:48
Last week’s new Mantengu Mining JSE relisting, after its 2016 suspension, is the first step in achieving a far bigger vision of “opening the floodgates in the small- to medium-scale mining space” to the benefit of rural communities that have thus far found themselves outside of the black economic empowerment (BEE) benefit pool. .
Formerly known as Mine Restoration Investments, the company has been trying for a decade to acquire an operating asset making use of a new funding model that allows projects to get off the ground effectively fully funded upfront through debt...
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