Washington (ots/PRNewswire) - The Delphos delegation concluded key
meetings together with Buenassa, a 100% Congolese-owned limited
corporation, with representatives of the Democratic Republic of Congo
government. They presented the Buenassa refinery project for LME
grade copper cathode and battery grade cobalt sulphate, to date,
unprecedented in the country. Delphos interest in the Democratic
Republic of Congo's need to improve its critical mineral value chain,
demonstrates that although more complex, financial resources can be
raised for the creation of local refineries, a promising initiative
from an ESG perspective.
During a visit led by Chair of Delphos International, Ambassador Roya
Rahmani, with Buenassa founder and CEO, Eddy Kioni, a number of
positive discussions were held with relevant ministries and
officials, including the Deputy Prime Minister for the Economy and
the Minister for Mines, and their teams. The meetings focused on
aligning approaches and the necessary steps to be taken to better
prepare the project, including the modalities of government support
and strategies for securing financial resources.
"Being on the ground and meeting key stakeholders as well as key
partners are crucial to a project that can potentially change the
national value chain of critical minerals," said Ambassador Rahmani.
Senior Managing Director, Wesley Davis, also confirmed that the
investor appetite was increasing, specifically around transparent
projects and the ability to have a clearer view on the social impact.
He added that it could become a leading project for investing in the
critical mineral value chain in Africa.
Eddy Kioni, CEO of Buenassa, said, "Project preparation that reflects
the national desire to play a part in the energy transition can
create a necessary momentum". He added that "Delphos' enthusiasm for
Buenassa demonstrates the possibility of raising capital despite the
complex operating environment. Growth capital for the energy
transition is available for the Democratic Republic of Congo when it
is focused on ESG."
Jean Luc Mastaki, Director of the Sub-Regional Office for Central
Africa at the United Nations Economic Commission of Africa (UNECA),
provided encouragement for the Buenassa project. Delphos visit to the
DRC follows the meeting in New York during the United Nations General
Assembly. At the UNGA business summit, Antonio Pedro, Acting
Executive Secretary of UNECA, stated that, "Africa must fully exploit
its abundant critical mineral resources to accelerate sustainable
industrialization and clean energy transition."
Delphos has focused on emerging markets for close to 40 years with an
intention to support and enable projects with social and
environmental impact. With this view, Delphos is working with
Buenassa on securing funding for this project. Delphos sees high
value for this type of project and the opportunities it could bring
to the people of the Democratic Republic of Congo especially those
affected by the global critical minerals value supply chain.
BUENASSA builds innovative solutions at all stages of the supply
chain across multiple commodity markets without limitation, but with
a current focus of copper and cobalt sectors. It is the first
integrated metals trading company in D.R. Congo that specializes in
supplying domestically beneficiated materials.
Delphos is the definitive source for arranging innovative financial
solutions for development companies and projects. We specialize in
raising long-term, competitively priced capital for corporates, fund
managers, developers, SMEs, sovereigns, and entrepreneurs around the
world. Since 1987, we have arranged more than $20 billion in
development finance to support the efforts of over 1,200 companies.
We tap into the resources of more than 350 government agencies and
multilateral organizations worldwide to help clients realize their
international business goals and have sustainable impact. In addition
to our capital raising efforts, Delphos provides market-leading
transaction advisory and investment/risk management consulting
services to government and private sector clients across multiple
industries. We are approved advisors to AfDB, DFC, IDB Invest, IFC,
USAID, US Ex-Im Bank, USTDA, WBG, leading private equity firms,
infrastructure developers and strategic investors, and foreign
governments and utilities.
Logo - https://mma.prnewswire.com/media/2287121/Delphos_logo.jpg
Digital press kit: http://www.ots.at/pressemappe/PR172776/aom
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