Gerald Group

May this #FestivalofLights bring peace and shine sparkles of joy around you and your family.   Happy Diwali.   #Diwali2024 #communities #metalstrading #sustainabilty

Last week, after the Millennium Challenge Corporation (MCC), signed a $480 million dollar compact with the Government of Sierra Leone (GoSL), Gerald Group hosted a celebratory reception for the President of the Republic of Sierra Leone and his delegation in Washington D.C. Gerald Group’s iron ore subsidiary, Marampa Iron Ore, is one of Sierra Leone’s largest mining operations, which fosters economic growth and development for the country by contributing to the national economy, government revenues, and helping to build a positive legacy of development and progress for Sierra Leone. The MCC is a bilateral, United States foreign aid agency established by Congress, which works to reduce global poverty through economic growth. This new $480 million dollar compact is aimed at enabling access to affordable and reliable electricity for households, businesses, and social institutions in Sierra Leone.    The five-year, $480 million grant - coupled with a $14.2 million voluntary contribution from the GoSL - will be used to fund transformative energy sector investments to deliver affordable and reliable electricity for 4.6 million people in-country.    MCC’s investment is an important step towards improving energy access and infrastructure for the people of Sierra Leone. The new compact represents a significant vote of confidence in Sierra Leone by the United States of America and demonstrates the commitment of both countries to the nation’s development and democracy.   To read more visit: https://lnkd.in/evFhFjga   #sustainability #energytransition #energyinfrastructure #sierraleone #empowerafrica #marampablue

It was fantastic to start #LMEWeek by reuniting producers, customers and commodity financiers at Gerald Group’s annual event in London on Monday, 30th September. We would like to express our gratitude to those who travelled to London to strengthen longstanding relationships, some spanning over 20 years, and share insights on the global metals and mining industry. #metals #criticalminerals #commoditytrading #energytransition #commodityfinance #networking

At Gerald, we believe it's important to observe and reflect on our efforts and progress toward becoming a more equitable and diverse organisation. Although Juneteenth is a federal holiday in the United States, we encourage employees in our global offices to contemplate the steps we take as a group to make each Juneteenth year a more progressive journey.   We highly value the individual differences, backgrounds, perspectives, and experiences that our employees bring to Gerald. Attracting, retaining, and developing a diverse range of talented, enthusiastic, and committed individuals is a core focus. Our diversity-affirming approach provides equal opportunity for employment and advancement across all functions and locations globally, and many of our employees have worked in multiple departments and offices – allowing for strong teamwork and diversity. We encourage collaboration and employee engagement that proactively seeks the representation of all employee perspectives, embracing individuals’ differences and cross-collaboration across all our sites. #juneteenth #equalopportunity #diversity #equality #freedomday

On the occasion of Eid al-Adha, Gerald Group wishes you a festive Eid Mubarak.    #eidaladha #eidmubarak #diversity #community #equality #inclusivity

We were honoured to be among fellow industry leaders at TXF’s #Perfect10 #Dealsoftheyear black-tie awards last night and to receive the ‘Metals Finance Commodity Deal of the Year’.   TXF’s industry-renowned event was celebrated on the eve of the TXF Amsterdam 2024: Global Natural Resources & Commodities Finance Conference, and recognised 10 top deals of 2023 in global commodity finance, which were voted on by participants from the industry, including banks and borrowers and verified by TXF’s experienced and senior editorial team.    Congratulations to our colleagues and banking partners who worked on Gerald Group’s annual syndicated $185M Revolving Credit Facility.   Let’s honour the achievements and innovation within our industry together. 🏆✨   #TXFAmsterdam24  #TXFDOTY  #TopDeals2023  #globalcommodities24 #commodityfinance #metalsmerchant  #energytransition

Gerald Group, together with The Women in Platinum Group Metals (WiPGMs), are committed to supporting the careers of women in the platinum group metals industry and across the value chain, by providing opportunities to discuss, debate, mentor and grow the industry and their roles within it.   The world is changing rapidly and sustainability, technology, competitiveness and the security of critical mineral supplies were some of the key themes discussed at WiPGM’s hybrid event in London on 13 May, 2024. The panel presented their knowledge and experience on “the impact of sustainability, carbon neutrality and chain of custody on future company investment and product development strategies” for producers and consumers in the PGMs industry, enabling the development and growth of a more decarbonised world.    The network is governed by a team of dedicated and committed women with experience across various segments and disciplines within the platinum group metals industry. According to Wilma Swarts, WiPGM’s Chairperson, “While 85% of the PGMs industry events globally are still represented by men, we had an audience represented by 75% of women, including many senior executives who attended to network and hear from a distinguished panel of experts from the metals and mining industry, venture capital finance, and sustainability & ESG.   WiPGMs also updated members and the audience on the first successful year of its Mentorship Programme.    Replay available here: https://lnkd.in/ef9cZ5d9   #WomenInCommodities #WiPGMs #CommodityTrading #PlatinumGroupMetals #GeraldWomen #WomenInMining

WiPGMs London Platinum Week Event, London – 13 May 2024   The Women in Platinum Group Metals (WiPGMs) network will meet next month to discuss the impact of sustainability, carbon neutrality and chain of custody on future company investment and product development strategies.   Gerald Group is a Global Sponsor of The Women in PGMs.  Zhuoying Jing, head of precious metals at Gerald supports and steers the global network and its development in Asia, helping WiPGMs and women to connect, discuss, debate, mentor, inspire and succeed across all aspects of the platinum group metals value chain, and to play a role in the growing PGMs industry.     The in-person event will be at Fortnum & Mason, 181 Piccadilly Street, London from 8.30 for 9:00 – 10:00 BST on 13 May 2024.    Read more - https://lnkd.in/d87Y7Vsi   #WomenInCommodities #WiPGMs #CommodityTrading #PlatinumGroupMetals #GeraldWomen #WomenInMining

Gerald Group Earns Green Loan Status for $650 Million Facility Gerald Group’s North American trading hub - GT Commodities’ Borrowing Base sublimit for low-carbon aluminum now qualifies as a green sublimit to issue green loans as per Loan Market Association guidelines. This follows the successful conclusion of an independent assessment against the LMA’s green loan principles and other relevant market guidelines. The facility was successfully refinanced in the second half of 2023 for $650 million and extended for two years, receiving strong support from the market with a substantial oversubscription of more than $200 million. Rabobank acted as mandated lead arranger, administrative agent and green coordinator for the syndicate, which totalled 13 lenders. Patricia Nikolopoulos, Gerald’s CFO, commented: “We are delighted with the support we have once again received for our banking partners for our Northern American business. This remains a key market for our low-carbon aluminum and our other refined metals trading.” “Rabobank is pleased to have successfully managed the refinancing of Gerald’s borrowing base facility,” said David Bassett, CEO ad interim of Rabobank Wholesale Banking North America. “This deal reflects the trusted relationship we have with Gerald and our innovative approach to meeting client needs. Adding a green loan feature to the facility is a testament to Rabobank’s expertise in sustainable finance and our steadfast commitment to banking the energy transition.” Read more: https://lnkd.in/dnG3W5Yf #sustainability #climatechange #lowcarbonmetals #decarbonisation #metalsmerchant #commodityfinance #womenincommodities 

We are pleased to share Gerald Group’s 2023 Sustainability Report, showcasing our commitment to sustainability across all our operations. As a leading physical metals merchant, the Group’s sustainability programme is designed to move the needle in fostering a more sustainable global metals trade.    New for this reporting period is the inclusion of Gerald Group’s disclosures of Climate Risks and Opportunities (CROs) as per the recommendations of the FSB Task Force on Climate-related Financial Disclosures (TCFD). The TCFD reporting amplifies the Group’s commitment to the Paris Agreement and to incorporating climate change considerations into our operations.    As of the end of 2023, Gerald Group proudly exceeded its GHG emissions reduction targets with a 74.4% reduction across Scopes 1–3 and a 42.9% reduction for Scopes 1–2, compared to our 2021 baseline on an absolute basis.     The Report also includes asset-level reporting for Marampa Mines Limited, the Group’s flagship iron ore mining project, which is generating in-country value via a strong local content programme, positive environmental and social outcomes, interventions to lower GHG emissions, and an impactful contribution to the social and economic development of its host communities and Sierra Leone. #sustainability #climatechange #energytransition #lowcarbonmetals #decarbonisation #metalsmerchant #commodityfinance #womenincommodities #womeninPGMs