Industrial Development Corporation (IDC) - Mining & Metals

The IDC, through its Basic Metals and Mining Strategic Business Unit (SBU), is to ensure globally and domestically competitive manufacturing in the metals value chains. The aim is to ultimately contribute towards the creation of a globally competitive and diversified local basic metal and mineral resource industry that produces a significant amount of the metals products and minerals for the local market and the rest of Africa.

They fund the development of:

• Basic metals manufacturing capacity.
• The mining of minerals that support the inputs to metals. 

They also consider projects that beneficiate and add value to locally mined minerals in support of downstream manufacturing. 

Funding is also considered for businesses that are involved in the development of projects that increase production of the following:

• Primary Steel Mills
• Mini-Mills,
• Semi-Fabricators
• Foundries
• Metal Fabrication Factories.

New or existing companies or entrepreneurs within the Basic Metals and Mining industry may apply for finance. Financing of expansionary BBBEE acquisitions in the sector, where the majority of the acquisition funds remain within the target company for expansionary purposes (usually through an issue of shares), may also apply.

Application process

Fill in their new enquiries form. Prior to submitting a business plan familiarise yourself with their business plan guidelines.