Thuthuka Group Limited, Katanga Mines, Congo

Arranger and Underwriter

Investec was appointed to arrange and underwrite various projects undertaken by Thuthuka Group Limited (TGL) on limited recourse basis. A project finance company, Thuthuka Project Finance (TPF) was formed, owned 60:40 by TGL and Investec. Katanga Mines is the first transaction concluded, and includes a debt facility for the construction of a lead anode Smelter Plant to be used in Katanga Mine in the Democratic Republic of Congo. Atlantis Metals (a 100% subsidiary of TGL) has a contract with the Katanga Mine to produce 30,000 seamless lead anodes over a period of 9 months.

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Article from Investec: http://www.investec.com/en_us/home/lending_and_financing/project_finance/pfi_finance/thuthuka_group_limited.html

Published: Monday, May 17, 2010

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