Africa was the recipient of over R3.5 billion in private equity mining investments during 2014, a report released by Berwin Leighton Paisner (BLP) this week describes.
This represents the third largest investment sum by continent, following North American investments that total R11.6 billion, and Australia, at R4.2 billion, although Africa netted nearly a quarter of the total number of project investments over the period.
A total of slightly over R23.1 billion of private equity funds was injected into global mining projects during 2014, through over 50 private equity investments, executed by 30 different private equity funds. Gold was the most frequently targeted mineral, with 15 investments, followed by coking coal, with 6.
Africa Mining IQ allows businesses serving the African mining industry to stay abreast of these developments with accurate, up-to-date and verified project information, provided through the continent’s largest online intelligence database. This database includes listings for over 1 850 projects in Africa on its online database, The Africa Mining IQ database covers extensive listings on the continent’s prominent minerals. These projects include 710 gold, 146 coal, 131 uranium, 117 diamond, 98 platinum and 83 iron ore.
While impressive, BLP’s report highlights that there is still significant investment scope in a market that is beginning to build momentum.
Half the money was invested in 11 acquisitions with an average transaction sum of R1.3 billion. The next most significant investment avenue was the acquisition of strategic stakes, with over R44 billion invested across 22 deals.
Africa Mining IQ currently assists over 170 businesses expand their operations by providing the most extensive online intelligence database for African mining projects. We provide detailed, easily-navigable project information for over 1 850 African projects!
A subscription to Africa Mining IQ provides members with the ability to track, target and record these mining projects with accurate, holistic information that is updated daily and accessible 24/7, 365 days a year.
Contact Africa Mining IQ today on +27 11 830 2132 to target business opportunities in Africa's growing mining industry!
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