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The Anglo Khula Mining Fund was launched in 2003 as a R40 million joint initiative between Anglo Zimele, Anglo American’s black empowerment initiative, and Khula Enterprise Finance Ltd, a development finance institution established by the Department of Trade and Industry. The Fund is aimed at assisting small scale, black-owned junior mining companies with funding and technical support during the typically high risk exploration and pre-feasibility phases of mining projects, bringing them to commercially bankable positions.
It provides seed capital to assist junior mining companies with the feasibility phases of mining projects which, in turn, enables these companies to raise finance from commercial financiers for the commissioning of mining operations.
IMPORTANT NOTE:
Applications to the fund must be submitted in the format outlined in Application Procedures. A financial and technical due diligence will be conducted in respect of the investee company and its business prior to an investment being made. The Fund will be represented on the Board of the investee company subsequent to the investment.
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