Download Interview: China Africa Development Fund and its investment direction
It was announced recently that Jinchuan Group has joined up with the China Africa Development Fund (CADFund) to create a joint venture that made the acquisition of South Africa’s platinum Wesizwe.
Other than the US$227 million they paid for a 45% stake in the company, the joint venture has also committed to a further $877 million to fund the development of the company’s primary asset, a greenfield platinum mine in the northwest of the country.
At Asia Mining Congress this year, we were joined by the Chief Representative of China Africa Development Fund, Liliang Teng. He spoke on Africa’s vast mining market growth potential and how Chinese investors can continue to benefit.
His presentation covered:
- Building up Africa’s infrastructure to encourage greater interest from mining investors
- Investment into African mining and impact on China’s supply deficit of iron ore, copper and bauxite
- The changing context of Africa in mining from a market opportunity and competitiveness perspective
To find out how you can showcase your project in Africa or more information on Asia Mining Congress, visit: www.terrapinn.com/asiamining