Big Banks Turn to Project Financing
After confining themselves to financing commodities trade, major international banks are displaying an increasing interest in funding the boom in new mining projects in Africa. They are throwing top-line staff into the endeavor and find themselves competing with South African [. [...]
Growing Power of "Communities"
Traditional South African communities are increasingly positioning themselves as mining operators by forging partnerships with major groups. The traditional Bakwena ba Mogopa community signed its second empowerment agreement in a month in mid-January, with Switzerland’s Xstrata group. [...]