First Series Commercial Paper Drawdown For The Romco Group

Romco is pleased to announce a significant achievement in its journey towards the optimisation of capital structure to drive sustainable growth. Romco successfully secured the first series drawdown of Naira 1.1 billion for the approved Commercial Paper arranged by Quantum Zenith Capital & Investments Limited.

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Interview on the Ground: A Glimpse into the Life of a Romco Employee

The "Interview on the Ground" self-published series is designed to give insight into what life as a Romco employee is like. Our first interview subject is the super talented Blessing Onuegbu, Romco's Head of Logistics, who oversees the management of over 30,000 tons (both inbound and outbound) of materials annually.

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Romco Recycling Company Ltd Secures ₦6.00 Commercial Paper Programme Registration

Lagos – 12 January 2024 - Romco Recycling Company Limited (the “Romco”), is pleased to announce, the successful registration of its ₦6.00 billion Commercial Paper Programme on the FMDQ Securities Exchange Limited (the “FMDQ Exchange”). The FMDQ Exchange approved the programme on 9 January 2024, this milestone affirms our strong commitment to driving sustainable growth and expanding our financial capabilities as part of our strategic plan.

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Romco Named ‘Best Multinational Non-Ferrous Metal Recycling Enterprise 2023 – UK’ by Acquisition International

Romco is honoured to be recognised as the 'Best Multinational Non-Ferrous Metal Recycling Enterprise 2023 - UK' in Acquisition International's 2023 Global Excellence Awards. This award highlights our commitment to excellence and innovation in the metal recycling industry.

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Romco Honoured with Prestigious ESG Award for Waste Reduction and Minimisation — Impact A.M.

Romco is proud to announce our recent accolade, the ESG Waste Reduction and Minimisation Award sponsored by Future Plus, presented at the Impact A.M. Awards on December 12, 2023. The Awards recognised innovation, commitment, and vision in sustainable business practices across 12 categories, symbolising the strides made in integrating ESG into the business mainstream. This particular honour recognises our unwavering commitment to sustainability and our innovative approach to waste reduction on a global scale.

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Embracing the UK Battery Strategy: Romco’s Critical Role in the Green Transition and Secure Supply of Essential Minerals

The launch of the UK Battery Strategy is a landmark moment in our journey towards a sustainable future. As a UK-based company with extensive non-ferrous metals recycling operations in the emerging markets of Africa, Romco hails the UK Government’s ambitions in this sector.

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Revolutionising Sustainability: Romco’s Journey Towards 100% Post-Consumer Recycled Aluminium

Romco's journey exemplifies how industrial enterprises can significantly contribute to environmental sustainability. By intertwining operational excellence with environmental stewardship, Romco is not only redefining its corporate identity but is also making a compelling case for the adoption of recycling practices within the broader industrial sector. Through PureCycle™, Romco is not merely recycling aluminium; it's recycling hope for a sustainable industrial future.

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Raymond Onovwigun LIVE at TXF Africa 2023: Export & Natural Resources Finance Conference

TXF Africa 2023 kicked off as a great opportunity to end the year on a high and start 2024 with new connections and crucial business intelligence insights. This in-person conference had something for everyone and maximised networking at every possible turn; which Romco was proud to be a part of.

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The Aluminium Revolution: Romco’s Contribution to the Electric Vehicle (EV) Industry

The electric vehicle (EV) industry is undergoing a remarkable transformation, and at the heart of this revolution is the crucial role played by sustainable materials. One such material making waves in the EV sector is aluminium, and leading the charge in supplying eco-friendly aluminium from emerging markets is Romco.

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Fastmarkets — Romco expands into copper recycling in Africa amid push for circular economy

Romco Group is expanding its recycling activities from aluminium into copper at its facility in Lagos, Nigeria, the company said on Tuesday March 28, to help with the global push for a zero-emissions “circular economy.”

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Now That You’re Asking Where Your Supplies Come From, We Should Talk.

As the world faces a climate crisis amidst a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. A problem for some; especially in light of the Russian invasion of Ukraine. 

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The Stakeholder Challenge

The ‘Stakeholder Challenge’ begins this week — a two-week research challenge issued to PhD students from the Sustainable Hydrogen Centre for Doctoral Training (SusHy CDT) in collaboration with The Community Revolution and Romco to develop a zero-carbon green hydrogen solution for the sustainable recycling of non-ferrous metals.

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The Times — The Nigerian recycling group making its millions from waste metals

Raymond Onovwigun can hardly be accused of green-washing. Eight years after setting up Romco Group, the company says it is the third largest aluminium recycler in Nigeria, melting tin cans, old car engines and other discarded debris into ingots that it sells to international motor and telecoms companies.

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Carbon Taxes And The Cold Front About To Hit The Aluminium Value Chain

Raymond Onovwigun, Romco Group CEO & Founder, argues in AlCircle's "Innovators and Trendsetters of the Aluminium Industry" Report 2022, that expanding the market share of secondary aluminium is in the best interests of the globe’s green transition.

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Carbon Taxes And The Cold Front About to Hit The Aluminium Value Chain

the EU’s Carbon Border Adjustment Mechanism will tax importers €75 per mt of CO2 (the product’s embedded carbon emissions). With regards to aluminium, this equates to 1,350€ per ton of primary, whether imported or produced in the EU. The value of this tax is projected to increase to €100 per mt of CO2 by 2030. How are you prepared?

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Analysis: The Metals Argument For A Green Hydrogen Revolution

The global need to decarbonise energy production, particularly for the metals production industry, is now impossible to ignore. In terms of limiting global warming to 1.5C, while progress has been made, pledges and subsequent efforts fall significantly short of achieving the ambitious climate agreement. It’s clear that fulfilling the Paris Climate Agreement requires equally ambitious solutions. One key sector to consider is the energy industry - particularly as it relates to metals production - as energy is the primary driver for the carbon footprint of metal production.

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Raymond Onovwigun, Romco Group CEO, LIVE at COP27 and TXF Geneva 2022

Last week, Romco CEO & Founder, Raymond Onovwigun, was invited to speak at both COP27, in Sharm El-Sheikh, for a ThinkIn titled "Living in a heating world: lessons from the global South", hosted by Tortoise Media in conjunction with the ONE Campaign, and TXF Geneva 2022: Commodity Finance & Natural Resources Conference as a part of a panel discussing "Base metals: The good, the bad, and the lack of investment".

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The Current Crisis Crumbling Long-Standing European Aluminium Smelters

Increased energy prices for the production of aluminium, a material with notoriously high power consumption, are reducing profit margins to a razor thin line for a range of primary aluminium producers, if not already sending some smelters into the red. The stage is set for lower-cost low-energy substitutes, like secondary aluminium and hydro-powered aluminium smelters, to help fill the gaps in the market.

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BNN Bloomberg VIDEO — It’s a ‘powder keg scenario’ for base metals: Romco Group’s Keith Wildie

Keith Wildie, head of trading at Romco Group, joins BNN Bloomberg to explain why a ban by the London Metal Exchange on all metals from Russia could have “a catastrophic impact” on prices, even if physical metal continues to flow globally.

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Daily Express — Romco’s metals recycling forges a new value chain for Africa

“Romco’s metals recycling forges a new value chain for Africa” Publication: Daily Express Author: Maisha Frost 21-Sep-2022 Link: https://www.express.co.uk/finance/city/1672347/romco-metals-recycling-africa-value-chain

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Reuters — Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa

“Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa” Publication: Reuters By Angela Ukomadu 13-Sep-2022 Link: https://www.reuters.com/business/energy/scrap-metals-recyler-romco-eyes-green-hydrogen-power-furnaces-africa-2022-09-13/

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Romco Group begins first round of Asset Match ordinary share auction

Romco's first Asset Match auction is officially open and closes on September 27, 2022. Romco trading opened at 65 pence per share, with a 0.50 pence per share ticket size, giving new equity holders an opportunity to trade liquidity on the secondary market to other shareholders. 

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BNN Bloomberg — LIVE — The Nickel Market As It Currently Stands Is Broken: Romco Group Head of Trading, Keith Wildie, Discussing LME Issues

Romco Group Head of Trading, Keith Wildie, featured on BNN Bloomberg today, discussing the current nickel crisis with Andrew Bell. Have a watch here.

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Fortune — Nickel trading on the London Metal Exchange just melted down for a third time: ‘Credibility is very quickly slipping through their fingers’

Commentary from Keith Wildie, Romco Head Of Trading Publication: Fortune By WILL DANIEL Financial Report 17- March-2022

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