‘Holistic approach’ to Africa funding: Nedbank

[miningmx.com] – RAISING finance for African mining projects required a holistic approach in which packages should comprise of traditional debt and equity capital raising, said Mark Tyler, head of resources at Nedbank Capital.

Speaking to the Africa Down Under conference in Perth, Western Australia, Tyler said raising finance in Africa was like anywhere else in the world.

“Project funding there needs to be viewed as a mixture of private equity, public equity, structured debt and bank debt – a holistic approach,’ Tyler said. “This combination is optimal to lock in total project funding,’ he said.

“Africa has its issues in political risk, operational problems and lack of infrastructure but is has positives including being substantially under-explored, an inexpensive but mining experienced labour force and support from world institutions,’ Tyler said.