Natural resources

Natural resources

African Development Bank Approves $75 Million for Nyanza Light Metals to Drive Titanium Processing in South Africa

The African Development Bank has approved a $75 million financing package to support South Africa-based Nyanza Light Metals to boost industrialization in Africa through local value addition to the continent's abundant titanium mineral resources. The funding will support the development, construction, and operation of an 80,000-tonnes-per-year titanium