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Members of the Subsoil Use Committee familiarized themselves with the EBRD’s Mining Strategy for 2024-2028

28/ 05/ 2024
  On May 20, the EBA Subsoil Use Committee, together with the EBRD representatives held a meeting regarding the Banks new Mining Strategy for 2024–2028 and financing opportunities. During the meeting, Iryna Tsahelnik (Principal Banker, Natural Resources Banking Team), Filip Prodanovic (Associate Portfolio Manager, Natural Resources Banking Team),  James Lea-Cox (Head of Sector Extractives & SME, Environmental and Social Team) and Mark Mounde (Associate Director, Mining Engineer, Natural Resources Banking Team) shared information about the main trends affecting the demand and supply of minerals with the meeting participants. Among factors that most significant influence the sector are: decarbonization, growing consumption, geopolitical factors, underinvestment and sustainability. These factors were analysed and incorporated into the new Mining Strategy of the European Bank for Reconstruction and Development (hereinafter referred to as the EBRD), providing additional focus on the need to support the development of a wide range of minerals, especially at the early stages of exploration; further advancement of decarbonization and digitalization of the sector, as well as the creation of more resilient supply chains, a diversified, and skilled workforce. The EBRD is a key investor in the mining sector of the countries where it operates. Over 30 years of activity, it has supported 68 individual mining projects with investments totalling EUR 2.7 billion with current portfolio reaching EUR 1.2 billion.  The funds allocated by the EBRD for financing projects typically range from EUR 10 to 250 million and are provided in the form of loans or equity investments. Among other types of financing offered by the bank are also guarantees to facilitate trade development. We sincerely thank the EBRD representatives for the meeting and look forward to further cooperation!

On May 20, the EBA Subsoil Use Committee, together with the EBRD representatives held a meeting regarding the Bank’s new Mining Strategy for 2024–2028 and financing opportunities.

During the meeting, Iryna Tsahelnik (Principal Banker, Natural Resources Banking Team), Filip Prodanovic (Associate Portfolio Manager, Natural Resources Banking Team),  James Lea-Cox (Head of Sector Extractives & SME, Environmental and Social Team) and Mark Mounde (Associate Director, Mining Engineer, Natural Resources Banking Team) shared information about the main trends affecting the demand and supply of minerals with the meeting participants.

Among factors that most significant influence the sector are: decarbonization, growing consumption, geopolitical factors, underinvestment and sustainability. These factors were analysed and incorporated into the new Mining Strategy of the European Bank for Reconstruction and Development (hereinafter referred to as the EBRD), providing additional focus on the need to support the development of a wide range of minerals, especially at the early stages of exploration; further advancement of decarbonization and digitalization of the sector, as well as the creation of more resilient supply chains, a diversified, and skilled workforce.

The EBRD is a key investor in the mining sector of the countries where it operates. Over 30 years of activity, it has supported 68 individual mining projects with investments totalling EUR 2.7 billion with current portfolio reaching EUR 1.2 billion.  The funds allocated by the EBRD for financing projects typically range from EUR 10 to 250 million and are provided in the form of loans or equity investments. Among other types of financing offered by the bank are also guarantees to facilitate trade development.

We sincerely thank the EBRD representatives for the meeting and look forward to further cooperation!

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