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Romco CEO Raymond Onovwigun Speaks at TXF Global Natural Resources & Commodities Finance 2024 in Amsterdam: A Recap

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Romco CEO Raymond Onovwigun Speaks at TXF Global Natural Resources & Commodities Finance 2024 in Amsterdam: A Recap

At the recent 2024 TXF Global Natural Resources & Commodities Finance conference, Romco CEO Raymond Onovwigun shared valuable insights on the critical role of metals and mining in today’s rapidly evolving landscape. On a panel hosted by Eric Rasmussen – Chief Advisor Structured and Project Finance For Renewables and Mining Rio Tinto Group, experts including Dhaval Shah – CFO / Head of Trade Finance AfriMet Resources AG, Elena Clarici – CEO & President Electrum Discovery Corporation, and Raymond Onovwigun, CEO & Founder Romco Group, discussed key challenges and opportunities regarding the critical role of metals and mining in the transition to a sustainable future.

Below are a few takeaways form the event.

Raymond Onovwigun at the TXF Global Natural Resources & Commodities Finance Conference 2024

Localisation of Metals Supply and Its Impact on Global Supply Chains

Addressing the uptick in the localisation of metals supply, Raymond Onovwigun highlighted its potential ramifications on global supply chains. With Indonesia’s ban on nickel ore exports serving as a prime example, and initiatives like the USA Inflation Reduction Act and tax incentives for processing metals domestically, Raymond stressed that these trends are only the beginning — calling it Metallic Nationalism — and it’s only likely to increase.

Furthermore, Raymond underscored the significance of partnerships in maximizing the value extracted from recycling efforts. In a world increasingly focused on ‘metallic nationalism,’ Romco aims to lead the charge by leveraging partnerships with on-the-ground experts to extract value from every available resource. Highlighting examples like the Rio Tinto and Giampaolo Group joint venture, Raymond emphasized the importance of collaboration between miners and recyclers to navigate evolving supply dynamics successfully.

Dhaval Shah – CFO / Head of Trade Finance AfriMet Resources AG, and Elena Clarici – CEO & President Electrum Discovery Corporation, alongside Raymond Onovwigun at the TXF Global Natural Resources & Commodities Finance Conference 2024

Boosting Investor Confidence and Fostering Sustainable Mining Practices

On the topic of boosting investor confidence, partnerships, transparency, and responsible resource management couldn’t be more important. The knowledge gap prevalent among financial institutions regarding recycling processes was discussed, and panellists stressed the need for greater transparency in the industry. By providing frank assessments and fostering open dialogue, Romco aims to build trust and attract investment that promotes sustainable mining practices.

Transparency and responsible resource management are key pillars driving Romco’s approach, leading to more partnerships, innovative solutions, and ultimately, greater investment in socially and environmentally responsible mining practices.

Elena Clarici – CEO & President Electrum Discovery Corporation, alongside Raymond Onovwigun at the TXF Global Natural Resources & Commodities Finance Conference 2024

Social Impact of Mining and the Opportunity in Battery Materials

Discussing the social and moral implications of mining for battery materials, Raymond underscored the importance of job creation and safety in emerging markets. He emphasized the transformative power of employment in uplifting communities and stressed the need for safe and healthy working environments. By prioritizing job creation and social responsibility, Romco aims to strike a balance between mining activities and societal well-being.

Closing Remarks

 In conclusion to the TXF Global Natural Resources & Commodities Finance 2024 in Amsterdam discussing the critical role of metals and mining in the transition to a sustainable future, Raymond Onovwigun said his key takeaway was: “Perceptions of risk in Africa are evolving positively. We are seeing increased investment in production and anticipated new partnerships driven by critical minerals policies in the US and EU, which is great news for sustainable enterprises seeking resources to build a greener future.”

Host Eric Rasmussen – Chief Advisor Structured and Project Finance For Renewables and Mining Rio Tinto Group, with Dhaval Shah – CFO / Head of Trade Finance AfriMet Resources AG, Elena Clarici – CEO & President Electrum Discovery Corporation, and Raymond Onovwigun at the TXF Global Natural Resources & Commodities Finance Conference 2024

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