This panel answers the question of how available is equity and debt finance for quality mining projects across the continent.
We hear about the key success factors for tapping into the various available sources of capital. And how the credit markets have changed as trends in decarbonisation, electrification and sequestration have enhanced demand for higher grade and lower cost battery metals.
The panel share how having an identified offtaker for certain projects, in lithium for instance, is very important to secure development finance. While explaining some of the issues with offtake agreements at times of metals price volatility. Equally the financiers heed risks around offtake and the sheer dominance of processing capacity held by China.
Sustainability in mining projects remains an idea yet challenging agenda, with energy storage in remote areas an issue, and carbon offsetting and sequestration more a reality for the majority of projects.
Moderator:
Heinz Pley, Partner & Global Head of Mining & Metals, Oliver Wyman
Panellists:
Lenaig Trenaux, Global Head of Mining, Metals & Industries Finance, Société Générale
Thabiso Sekano, SBU Head: Mining & Metals, IDC
Morten Lien, Director, Investment Banking, Clarksons Platou Securities
Nick Farr-Jones, Director, Taurus Funds Management