Mining

Increased demand for resources globally has prompted a new wave of investment in mining, particularly in resource-rich Africa. The mining industry faces many challenges that must be adequately managed for its continued success, including volatile commodity prices, fluctuating currencies, implementing new technologies, operating and capital cost pressures, a broad range of funding alternatives, growing environmental concerns and constantly changing political and strategic pressures.

Standard Bank's multi-disciplinary mining and metals finance and advisory teams based in Johannesburg, London, New York, Shanghai and Singapore are uniquely positioned to assist and advise clients in securing innovative and flexible financing, developing and executing strategic growth and restructuring initiatives and mitigating risk in and mining-related transactions.

Why talk to us?

• Our teams have extensive industry expertise, bringing together complementary skills from banking to mine engineering and geology.
• Standard Bank’s presence across Africa and emerging markets globally enables us to coordinate and execute our clients’ financing and banking requirements within and across continents.
• Our presence in all major mining regions enables us to carry out in-depth analyses of commodity trends and stay abreast of all the latest developments in the industry.
• We establish strong relationships with our clients, to deliver customised solutions through an in-depth understanding of each client’s individual requirements.
• Our highly regarded commodity and currency trading desks offer 24-hour trading capabilities and provide price-risk management and hedging strategies.
• Relationship managers function as each client’s dedicated banking partner, managing and coordinating financing and banking requirements across all products within the bank.
• Standard Bank is playing a leading role in arranging facilities for many of the most significant mining projects currently underway in Africa, Latin America and other key emerging markets.

Products and services

We offer holistic financing and advisory solutions for the mining sector. Our comprehensive range of products and services includes:

• Corporate finance advisory solutions
• Project finance
• Working capital facilities
• Bridging finance
• Acquisition finance
• Inventory financing
• Structured trade and commodity finance
• Commodity price risk management solutions
• Foreign exchange and interest rate hedging
• Global transactional banking services
• Empowerment financing (where applicable)

Contact us

Africa
Client relations
Peter von Klemperer
+27 11 631 3019
peter.vonklemperer@standardbank.co.za

Project Finance
Andre Peers
+27 11 631 2653
andre.peers@standardbank.co.za

Project Finance
Tim Mugodi
+27 11 636 0293
tim.mugodi@standardbank.co.za

Americas
Ted Kavanagh
+1 212 407 5168
ted.kavanagh@standardnewyork.com

Global
Vaughan Wickins
+44 20 3145 8122
vaughan.wickins@standardbank.com

PA: Sarah Walkington
+44 20 3145 8126
sarah.walkington@standardbank.com

Recent deals

Anglo American - R1 billion bond issue

Standard Bank successfully issued a R1 billion, 5 year, fixed rate bond for Anglo American, thereby establishing a benchmark for them in the South African debt capital market. The bond priced 7 bps below price guidance, which considering market conditions, was an exceptional result.

Ruukki Group Plc R2.9billion (US$368million) Merger with Sylvania Resources Limited

Standard Bank was principal advisor to Ruukki Group plc, a company incorporated in Finland, (“Ruukki”) and Sylvania Resources Limited (“Sylvania”) when they entered into a merger implementation agreement pursuant to which Ruukki will acquire, subject to satisfaction of certain conditions, all of the issued and to be issued share capital of Sylvania under an Australian law governed scheme of arrangement between Sylvania and its shareholders. Value of the deal is R2,953,000,000.