By: African Mining Market

Kazera Global PLC, a company listed on the AIM stock exchange, has taken a significant step forward with its flagship heavy mineral sands project in South Africa. Recently, it secured a fully funded development deal, partnering with Chinese-backed South Africa AT Investments (SAI) to bring the project to life.

The agreement places the responsibility of funding and executing the mining operations on SAI, covering everything from capital expenses to day-to-day costs. Kazera’s subsidiary, Whale Head Minerals, will maintain a 20% share of the production at no cost, while SAI will handle the remaining 80%. This arrangement allows Kazera to benefit from the project’s output without bearing the financial burden.

Early payments are already set in motion, with Kazera expecting an advance of US$750,000 shortly after the deal’s activation, followed by another US$1.75 million once the key mining rights are granted. With production aimed to start by the end of 2026, a detailed mine plan outlining targets will be ready within a month, setting clear goals for the months and years ahead.

Interestingly, the mining activity is also anticipated to uncover diamond-bearing gravels. These will remain under the control of Kazera’s Deep Blue Minerals subsidiary, outside the current production sharing agreement. This partnership marks a new chapter for Kazera, blending local expertise with international investment to unlock the rich resources beneath South African soil.