Investec Commodities and Resource Finance is an industry focused specialist finance and investment banking team that forms part of the Capital Markets division of the Investec group.
As an international team with representation in Johannesburg, London, Perth and Sydney, our activities span the debt-equity spectrum, focusing on:
- Precious and base metals
- Minerals
- Oil and gas
- Emerging and developed markets
Services for mining clients
For mining clients we offer the following specialised services:
Debt finance
Hedge and derivative products
Equity
Debt finance
We provide for junior and mid-tier mining companies that develop, expand or acquire projects in emerging and developed markets across the globe.
We also finance black economic empowerment transactions in the South African mining industry.
Our debt finance products include:
- Limited and non-recourse project finance
- Corporate debt facilities
- Leveraged acquisition finance
- Export-credit facilities
- Receivables-backed and structured trade finance
Hedging and derivative products
Our products and services include:
Hedging and structured derivative solutions in the precious
and base metal markets
Advising and implementing appropriate hedging strategies for an
integrated project finance transaction
Trading and execution activities to support the above
- Hedging and structured derivative solutions in the precious and base metal markets
- Advising and implementing appropriate hedging strategies for an integrated project finance transaction
- Trading and execution activities to support the above
To support our role in this arena, we are members of:
- London Metal Exchange (Category 2 clearing member)
- London Bullion Market Association
- London Platinum and Palladium Market
Equity
We invest in mining projects at a late exploration or pre-feasibility study stage. These investment activities are undertaken through the:
Blackfish - Investec Resources Special Situations Fund
An event driven special situations fund stretching across the global mining and resources sector and leveraging off the skills and experience of the Investec team and Blackfish Capital Management Limited. The Fund will principally target near term mining production assets, identifying special situations and activist opportunities where the manager has identified a value gap.
On a proprietary basis through participation in African Lion Limited, a specialist African mining equity fund of which we are a founding shareholder
Sonatide
Sonatide Marine Limited Structured Finance Facility for Offshore Oil Support Vessels Arranger and Underwriter.
Terramin Australia Limited
Terramin Australia Limited A$67m Angas Zinc Project Project Loan Facilities Zinc Related Hedging Facilities Lead Arranger and Sole Underwriter.
Western Areas
Advised the board of Western Areas on various strategic proposals as well as acting as advisor on the offer by Gold Fields to acquire the issued shares of Western Areas.
Western Goldfields
Mandated to establish project finance facilities to finance the redevelopment of the Mesquite Gold Mine Project in California.
