Peak is developing the Ngualla Project in conjunction with two long term sophisticated institutional investors – Appian Natural Resources Fund (‘Appian’) and International Finance Corporation (‘IFC’). As well as providing financial investment, Appian and IFC are collaborative partners able to draw on extensive experience and networks in the areas of metals and mining, international finance and resource project development. Appian and IFC are jointly investing on an 80:20 basis.
Appian Capital Advisory LLP
Appian Natural Resources Fund is a patient long-term private equity fund which has been established to invest specifically in the metals and mining sector. Appian has a uniquely collaborative investment approach that seeks to partner with local owners, managers and investors to leverage its world-class operational and corporate finance expertise. This experienced team is complementary to Peak having built and managed 60+ operating mines (30 in Africa) and acted on ~US$200 billion of mining corporate development transactions.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, IFC use their capital, expertise and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, IFC provided more than US$22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. Up to date IFC has invested more than 400M USD in Tanzania. IFC bring strong in country government relationships and top tier environmental standards.