RS Global Energy FZE, fully owned and controlled by Ridge Solutions Group, a family office ("Ridge Solutions Group").
Ridge Solutions Group has long and successful track record of operations in multi geographies covering range of industries including Real Estate, Infrastructure, Financial Services and Trading.
An extensive partnerships around the world continue to leverage sustainable businesses, we are pleased to announce that Ridge Solutions Group, through one of its global network of companies, RS Global Energy FZE, incorporated in United Arab Emirates, agreed a major mineral trading transaction with our partner, Xinjiang Wal Optoelectronic Technology Co., Ltd., incorporated in China.
Ridge Solutions Group, as part of the major trading transaction will supply minimum 525,000 metric tons, Copper Cathode, Non-London Metal Exchange Registered Copper Cathode Grade A.
This contract spread over the five years term and expected to generate revenue, based London Metal Exchange price, in excess of "US$2 billion". This transaction would require procurement of large reserves of the Copper Concentrate and refining capacity in the smelter inclusive of our local and logistics partners to ensure swift execution and performance. Our expected procurement and refining are expected in the Zambian region and transportation is expected via South African port to China.
Jose Ferreira Ramos, Chairman & Executive President of the "Ridge Solutions Group", said:
"This is a major milestone for our group operations and trust on our capabilities to optimise business prospects and solutions in challenging circumstances. Ridge Solutions Group successfully brought on board a diversified range of skill sets and top professionals, with aggressive and responsible business strategy to strengthen our growing footprints in the African region to leverage diversified range of activities.
Our business strategy would integrate strength of this major transaction to secure vertical integration and develop our own pool of world-class downstream and upstream portfolio in the Mining industry to ensure sustainable value generation over long run to cater for growing demand of range of mineral products around the globe.
We are looking forward to the next chapter in our dynamic business strategy and exciting journey ahead. Our aspirations are to enhance Inter-African strengths to sustain future with regional prosperity, demonstrate and promote symbol of excellence for the Corporate Governance as the Environment, Social and Governance (ESG) are core drivers for our business strategy "
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