Rising gold prices have sparked renewed interest by foreign investors in African mines. Banro, a Canadian gold miner, expects to close a debt financing deal for its Twangiza project in the Democratic Republic of the Congo by next June. Standard Chartered is the project's debt finance adviser. The company expects to begin production at the Twangiza facility in December 2011, with initial annual output of 110,000 ounces. Scipion Capital, based in the Cayman Islands, has launched the Scipion Mining & Resources Fund with $13 million of seed capital to invest in Africa's mining sector.