Bankable study for Mmamabula almost done - CEO

Kinross says the project, which will be project-financed, will involve existing shareholders while other financiers have shown interest.
"We have hedge funds and institutional investors if the need arises," Kinross says.
The BFS was undertaken by independent firms, including engineering firms. It entailed mine planning, power station design, water and environmental studies, among others.

However, Kinross says with the costs of putting up a power station up, the total cost of Phase 1 will only be confirmed after financial close. Initially, Phase 1 was expected to cost about $6 billion or P36.2 billion by yesterday's pula/dollar rates.
CIC Energy has spent over P240 million on the project so far.
Already, Japan Bank for International Cooperation (JBIC) is among financiers eager to get involved.