Peak has benefitted from a strong partnership with two long term sophisticated institutional investors – Appian Natural Resources Fund (‘Appian’) and International Finance Corporation (‘IFC’). As part of a restructure completed in November 2019, Appian and IFC exchanged their 20% interest in the Ngualla Project for direct shareholdings in Peak.
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.