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27 Aug 2008 06:00
The Industrial Development Corporation’s (IDC) Mining and Beneficiation Strategic Business Unit (SBU) was established in 1999 in response to the increased need to fund mining projects resulting from the unbundling of large traditional South African mining houses.
Headed by Abel Malinga, the unit focuses on the development of sustainable mining and beneficiation projects in South Africa and the rest of the continent.
It aims to develop a vibrant entrepreneurial junior mining sector in South Africa and the rest of the continent and promote innovation in the industry and the development of new industries or sectors.
The unit provides risk capital to mining and beneficiation projects which:
It supports equity transfer in the industry through BEE projects.
Most recently funded investments include the:
The IDC is a self-financing, South African state-owned national development finance institution that provides finance to promote industrial and entrepreneurial development
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