JFR Investments Ltd. ('JFR Investments' or "the Company") as part of the group undertaking of the Ridge Solutions Group, provides the following update:

JFR Investments, which is incorporated in the United Arab Emirates, is pleased to announce group wide major milestone, the Company signed partnership and mining investments in Brazil with JBP Cabral Minerios, which is incorporated in Brazil, with growing major upstream assets especially for the Copper mines.

Formulating partnership and undertaking investments are part of the integration strategy for the group’s mining segment, which will position both partners to establish as one of the major player in the Brazil’s mining sector. Our target Copper production across each of the mines, at the initial phase, will reach 18,000 metric tons and scale up to +105,000 metric tons, over the long term. Our short term accumulative Copper production target of +432,000 metric tons, will enhance exponentially over the long term period as JBP Cabral Minerios secured the large scale mining concessions with area +39,055 hectares in the state of Para, Brazilian mining region.

JFR Investments established as the special purpose vehicle for undertaking the mining investments, this will integrate across RS Global Energy FZE, which is the trading arm of the group. Optimization, robust risk management and sustainable growth remains the key principles for the group’s operations.

Jose Ferreira Ramos, Chairman and Executive President, JFR Investments, commented:

I have always been inspired by great business success stories and leading the journey of building our energy arm especially the mining segment, has certainly been the one of the top pursuits of my career to-date.

We pursued these dialogues for over a year and I am pleased to announce that our partnership with JBP Cabral Minerios is part of our integration strategy across the mining sector. We secured access to the large scale mining area in production with quality reserves prospects for the Copper, Gold, Silver, Nickle, Iron Ore and Tantalite. We aim to build a quality brand and sustain long term future for all our stakeholders.

This major milestone is part of our commitment to formulate integrated vertical business model for our energy arm covering upstream, downstream, mid-stream and trading. Our strategic initiatives will materialise these mining concessions and scale up production, which will be integrated across our trading arm to cater for growing portfolio of the trading transactions across multi geographies. We continue to further integrate our operations with development of the downstream assets in future to leverage value across the supply chain.

Our technical and operational capabilities are growing along with highly skilled leadership and management team to manage operations across upstream and trading with optimization and sustainability.

As a leader, our focus remains on executing the vision for long term future, most importantly, we are looking forward to the pursuit and continuation of the build up of a ‘great business success story’ for our group, stakeholders and partners.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.