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PIC commits R1.35bn to fund early-stage mining projects
The Mercury
|October 09, 2025
THE Public Investment Corporation (PIC) has announced a R1.35 billion funding allocation to support early-stage mining opportunities across South Africa and the rest of the African continent.
The largest asset manager in Africa with over R3 trillion in assets under management said on Wednesday that this move was aimed at boosting exploration, supporting the just energy transition, and driving inclusive economic growth.
The PIC said the funding will target mining projects that are well advanced — from post-scoping to bankable feasibility study (BFS) stage — providing critical capital at a stage often considered too risky for traditional investors.
According to the PIC, the strategic allocation will enable it to back the growth of South Africa's mining sector through indirect investments, primarily via private equity, venture capital, specialist mining funds, and joint ventures or partnerships.
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