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Africa looks to bonds to support wider mining benefits
['Https', 'Www.Semafor.Com Author Ruben-Nyanguila']
Semafor
Two sustainability bond deals worth at least $100 million each are under discussion for mining projects in DR Congo, an executive told Semafor, as African governments look for new ways to ensure mining investment delivers broader economic benefits.
The proposed financing would fund shared infrastructure, including electricity networks serving both mines and nearby communities, as well as programs to professionalize artisanal mining.
Karpati said discussions are furthest along with the electricity company and added that most of the firm’s work in DR Congo has focused on the gold sector.
The deals come as African governments seek a larger share of the economic gains from their mineral wealth.
Many governments are now pushing for mining projects to help finance infrastructure and wider economic development.