Private Capital is Here to STAY
Thoughts from Tshepo Magagne – Executive Metals & Mining
The trick (or rather the challenge) is how to unlock this Gordian knot that is Financing African Mining Projects for the Transition…
…the thing in all the conversations we are having is that “no one is saying – you guys are crazy” – just wringing their hands and not being able to pull that trigger…
…it is about the first anchor cheque AND not for CHARITY but RETURNS, as I keep emphasising:
[NOW IMAGINE if we do a portfolio in Zambia, DRC, Botswana, Angola for Copper – and do the Khoemacau Indicative Returns – we would transform the Capital ecosystem in Africa:
- Returns Illustration – Khoemacau case study
- Khoemacau was bought out of PF distress by a group of international SPVs (led by ex-Barcap Nat Resources Investing Team
- USD35m price payable (and estimate that an equity-cure of USD15m)
- Held for 8years
- Exit to the Chinese for cUSD2bn]
