Giyani finalises P354m package for Kanye manganese project

In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources and renewable energy”. In November, Giyani scored a $16 million convertible loan facility from South Africa’s Industrial Development Corporation towards the final activities required to move the Kgwakgwe Hill (K.Hill) project forward.

The deal with ARCH involves Giyani offering both equity and a share of royalties for the funding.