Nedbank clinches African mining financing deals worth $540m

Nedbank has closed $540-million worth of mining financings on the continent of Africa in the last 18 months. Speaking to Creamer Media’s Mining Weekly Online on Tuesday, Nedbank Capital international mining finance head Nivaash Singh said the bank was very much open for business in Africa and foresaw the commodities market entering a space of supply deficit early next year, which would hopefully have a positive impact on depressed commodity prices. (Also watch attached Creamer Media video).