The fund to be launched within the next two months will be known as Emergernt and will see mining firms from other countries such as Zambia and Mozambiqure access funding for their development projects.
“The fund will target mines in such countries as Zimbabwe, Zambia and Mozambique and will include properties that bigger companies sold during the recession to raise capital,” said Paul Christie, who heads Emergent’s marketing team.
The company’s chief executive officer Susan Payne said the Johannesburg-based fund will buy small to mid-size mines and work with top geologists to produce reserves.
Post published in: Economy