A2MP Secures $300 Million From Afreximbank for African Minerals
A2MP’s portfolio includes companies with manganese mines and an iron ore project.
Photographer: Brendon Thorne/BloombergA2MP, a minerals processing company controlled by the family of Indian businessman Gagan Gupta, has secured $300 million of funding from a subsidiary of the African Export-Import Bank.
The Dubai-headquartered firm will use the mix of debt and equity from Afreximbank’s Fund for Export Development in Africa to support existing projects and target acquisitions, according to A2MP’s global strategy adviser, Adjou Ait Ben Idir. A2MP has mining interests from Gabon and Cameroon to Mozambique, while owning almost 50% of FG Gold, which is building the Baomahun gold mine in Sierra Leone.