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Wow one big sell and drops like a stone.......bet it wont rise as quick when people eventually buy!!
Last post: 3standsoffbottom, 4 May 2021 09:10
So maybe a typo? "The allotment of 47,296,231 Placement Shares is not subject to shareholder approval and will fall within the
Company’s 15% placement capacity under ASX LR 7.1 (15,327,397 Placement Shares) and additional 10%
placement capacity under ASX LR 7.1A (31,968,834 Placement Shares)."
So 47.3 allocated and 'oversubscribed'. At any rate let's see if it translates into activity.
Then I don’t know why they limited it to 43 million, I will try and find out.
3standsoffbottom, this is what I read
The capital raising is being conducted in Australia and the UK. It will take place in a single tranche within the Company's existing placement capacity under ASX Listing Rules 7.1 and 7.1A and will not exceed a level that would require the publication of a prospectus in the UK, resulting in a maximum capacity to issue up to 63 million ordinary shares.
Having reread the news release I believe the limit of 43 million shares was so as not to have to issue a prospectus on the LSE. So actually they hit their target;
Yes I think you are right in cold light of day. However feeling quite excited that this might finally be moving in the right direction. We will see in the coming weeks if cause for optimism. I am prepared to average up.
Last post: 3standsoffbottom, 13 Apr 2021 14:59
It would appear due to shareholder pressure on Seamus to cut the fat at HQ. How true I do not know, but it does seem since the arrival of an entity called the 10baggerclub things have been happening. I have been invested here for years and am some 80% up, it has been at times a frustrating wait due to 'no activity' (a funny Ozzie cop series). However when you you look at the potential it is mind blowing. I am looking to buy in and average up at some point, just waiting (along with everyone else) to see some progress in building the access road, set up of water supplies (sea water pipe) and getting the workers in and camped.
Any thoughts on the CFO leaving.
CEO Niels Wage also left in Feb.
Don't think its good if the CFO leaves at this time when funding is so relevant to progressing the project.
Started: Hufc1908, 15 Mar 2021 14:32
Last post: Hufc1908, 15 Mar 2021 14:32
Started: Troajan, 9 Mar 2021 07:50
Last post: PrimeRate, 14 Mar 2021 20:53
Thanks for sharing . Quite an upbeat performance from Mr Cornelius! Hopefully not much longer to go for the remainder of the funding and start of construction.
Started: 3standsoffbottom, 28 Feb 2021 20:59
Last post: Jimmy_PM, 1 Mar 2021 14:54
I was one of the ones buying DNK on LSE a few days ago after noticing the 20% discount to the ASX price (on the offered side). Also, I noticed that the "real" spread from the market maker is much smaller than the one posted. Just now I checked the bid and offer as showing 27p/31p as public market. However, when I ask for a market sell of 1000 shares, I am shown a bid of 29.25p and a market buy for 1000 shares, I am shown an ask of 30.8p. So the actual market maker quote is 5.3%, but the one showing publicly is an appalling 14.8%. As this is a long term hold for me I am not too concerned about the "apparent" bid offer spread. I hold the LSE listing in my ISA and the ASX listing in my SIPP.
Spread in the uk sitting at 10% ish which is a drag. Interesting how for a few days there was a disconnect between prices is Oz and London, in effect wiped out the spread as it was 10%+ price differential between exchanges which slowly equalised, will look for that happening again.
Started: Jimmy_PM, 28 Feb 2021 17:51
Last post: Jimmy_PM, 28 Feb 2021 17:51
"Appointment of Executive Chairman and restructure of
Board and Executive
Danakali Limited (ASX: DNK) (Danakali, or the Company) announces the following management changes:
• Current Non-Executive Chairman, Mr Seamus Cornelius, has been re-appointed as Executive Chairman
• The role of current Chief Executive Officer (CEO), Mr Niels Wage has been made redundant as part of a
reallocation of responsibilities
• Basic board fee to be reduced by 33% immediately for all board members and board size to be reduced at
AGM in Q2 2021"
In my opinion, the removal of the CEO NW as incredibly positive development, and I understand that this has in part been driven by new activist shareholders who took out a large block of shares the seller who has been depressing the stock price for the best part of a year. I understand that the new shareholder group are very keen to drive forward this world class Sulphate of Potash deposit in Eritrea to be developed into a mine. Here is a discussion on the Australian site Hot Copper which gives some context or explanation.
https://hotcopper.com.au/threads/ann-appointment-of-executive-chairman-restructure-of-executive.5931122/?post_id=51388336
Started: 3standsoffbottom, 26 Feb 2021 11:40
Last post: 3standsoffbottom, 26 Feb 2021 22:25
Your right about funding, I think we only see a fraction of the story, vultures are circling waiting to get this on the cheap (Chinese and others). I am fortunate in that I got in at a good price so unless the company goes broke will show a profit on any buy out. However that is not what I want, this really is a once in a life time sort of thing if it all comes together. It would appear, if I leave my skeptic hat off, that some investors have got involved who have committed serious money and are looking to shake things up. This actually seems to be happening ref last RNS. No such thing as a sure bet, but it has definitely got interesting all of a sudden.
Good link 3
But wots it all about
Lack of funding thats what.
Why , thats the big question and why did AFC pull the plug on 2nd funding instalment.
Word of funding and this could well be the 10 bagger in your link quite easily.
Maybe going to happen now, hope so , thats all I'm waiting on
Good Luck
https://hotcopper.com.au/threads/dnk-feed-the-world.5928397/
If anyone wants a quick overview about wot this share is all about, have a look at the link.
Started: jono44, 26 Feb 2021 05:41
Last post: PrimeRate, 26 Feb 2021 08:26
I wonder if this decision was forced on them by the investor group mentioned in earlier rumour posts?
Was this prerequisite to progressing funding talks? Might it actually mean funding is closer? Questions, questions!!
So much potential here.
But it seems to stuck in limbo.
Hope they get funding sorted soon, holding this back.
Sensible move IMO... perhaps brutal but seems a sound decision.
Coupled with a 33% director fee cut and plan to reduce board size it appears DNK is nowhere closer to securing the outstanding $80m funding required for module construction.
Has he left the company ?.
Boardroom changes, quite surprised hpif he's left at this stage.
Just got a load of free shares.
Started: 3standsoffbottom, 23 Feb 2021 09:25
Last post: 3standsoffbottom, 25 Feb 2021 22:18
Looks like a shake up of the Board and attempt at trimming costs, NW gone........
General chat going on here https://hotcopper.com.au/asx/dnk/
Interestingly this share seems to be popular in Germany, I guess as it was (is) on the Frankfurt exchange. Not really appreciated here.
https://seekingalpha.com/amp/article/4405273-danakali-why-this-little-known-potash-developer-is-buy?__twitter_impression=true
Ffs I knew I'd sell near that bottom.
(in all seriousness I've not done bad with the money I've pulled out and glad to see it's looking like having a decent shot)
Also keeping an eye on this especially if funding gets sorted which for me woukd be a positive but seems to be taking forever.
Maybe there is something going on with change to management.
Agree this has great potential but willing to wait for some clarity, don't mind if I have to buy at a higher price.
One thing noticed in the recent announcement to ASX query that they know they have an institutional investor who has been selling but I wonder who's been buying their shares.
One to watch very carefully for any volume or large/delayed trades.
Yep I am aware of that story, as you say could all be BS or indeed machinations.
Interesting none the less, it really is potentially huge in my view.
Started: jono44, 4 Dec 2020 07:21
Last post: jono44, 3 Jan 2021 20:00
SM don't think you'll regret getting out, hopefully.
I left as well.
Dnk seem to tick a lot of boxes but there is something that, for me,didn't seem quite right.
Good Luck.
I couldn't stand the heat so I'm out of the kitchen.
The sells you see today are mine (not much I didn't have a huge stake).
Given my recent performance the good news is it's probably the bottom and the only way from here is up for Danakali. My head is telling me the company is worth more and its likely Seamus will get a better price for the company than the current price, but my gut was nagging me though about this.
Good luck Jono (and anybody else reading), this really is one of the worlds best untapped resources of any kind. Depending on how it progressess I may be back in, but if history is anything to go by ,the spreads make dipping in and out uneconomical.
Yep, their at a fork in the road.
Go left heavily discounted placing,.
Go right delist take it private.
One things for sure the ball is not in their court and they can't find a easy way to get it back without selling the company for peanuts and investor know that.
In other words their up the up sh.t creek without a paddle.
Could go private.
This line is interesting
"I can assure you that if obtaining the final development funds required on *sensible terms* was easy"
That suggests to me there's a few crappy options on the table.
Does not make good reading.
What is he really saying!
Will it go bust, delist, go private, expect another rns.
Started: SlurmsMckenzie, 26 Oct 2020 07:48
Last post: jono44, 26 Oct 2020 09:34
Must admit this was not unexpected.
Agree can't sugarcoat .
DNK have failed can't blame anybody else and to do so is weak.
JPM selling
New Uk broker
AFC 2nd tranched delayed and now postponed, they wouldn't want yo pay 33p when current mid price is 21.5p.
New/ Better funding plan won't be in dnk's but afc best interest.
No news on getting other funding gap resolved
Nope can't blame others.
In response to a twitter post about AFC failing to provide the money Seamus Cornelius wrote
"Actually they didn’t fail. The conditions precedent for the disbursement weren’t satisfied in time so we agreed to work on a new/better funding plan. AFC and AfriExim Bank are key to building Colluli and we are very pleased to have them on the team."
Personnelly I'm finding it hard to sugarcoat today's news
Started: jono44, 30 Sep 2020 08:47
Last post: jono44, 1 Oct 2020 11:05
Cheers SM.
Wish they would just get everything done and dusted.
If there is a placing, and todays rns maybe a precursor as well as UK broker rns, I want to buy more as I think this has great prospects but won't until all funding confirmed.
Hi Jono,
" whats happening with the gap in funding?."
Seamus covers this a little bit in the video, when asked about it he says all the right things "It's coming, we're exploring every avenue to benefit shareholders the most etc" pretty much what you'd expect whether or not it was going well or badly, but you can glean from the video that it's all going to be announced at once, and apart from one bit where he's a bit "blinky" he seems rather confident (but then that's his job).
At the moment JPM are selling this in Oz which is hammering the price down and have been for a while (so I'm ruling out forward selling) So that surely can't be helping with confidence and explains why the price is in the doldrums, they've a lot to shift.
Need not 'end'
Thanks Gards56, report is on website now it wasn't this morning.
Not convinced tranche 2 funding will go ahead, why has it been delayed.
They end to sort funding gap.
Didn't notice if they mentioned that they have to raise more cash to complete all funding!
Presentation is on website
Tranche 2 (US$28.4M) to settle by November 2020*
Subject to satisfaction of relevant conditions precedent
Started: SlurmsMckenzie, 29 Sep 2020 15:23
Last post: SlurmsMckenzie, 29 Sep 2020 15:23
https://stockhead.com.au/stockhead-tv/rocktalk-potash-demand-potential-looks-potent/
Interview in 2 parts, first the analyst then Seamus, first time I've really heard him speak as I've only been aboard for about a year and I'm used to Neils Wage doing the speaking.
Last post: SlurmsMckenzie, 8 Sep 2020 12:56
Looks like JPM have been selling their stake for quite some time, I get the feeling they really want out rather than the usual shady forward selling, 16 million shares to go, so about £4.4 million still to clear. No idea why they got cold feet, but it's keeping a lid on the price for now.
Total speculation but I think AFC will stick to their word, but in all likelihood there'll be some placing for the rest.
Thanks SM.
Didn't really see anything new,
What does concern me is lack of news on final funding, think its around 70 odd m$, so half that for dnk.
Also the afc funding is being held back and as mid price is now 27.5p well below the 33p that afc will pay.
Just think that things might change, and not for the better, discounted placingon cards maybe.
Notes are here Jono.
https://www.danakali.com.au/images/stories/corporate-presentations-and-company-infromation/2020/DanakaliandAFCwebinarpresentation_September2020_Final.pdf
Interesting to see the slides from AFC, they seem positive and that's the main thing as far as I'm concerned now (well that and finding out how the rest of the money is to be found).
Unfortunately I'm very time poor at the moment so couldn't have watched the presentation live, however I did get a heads up it was going to happen via h-o-t-c-o-p-p-e-r , somebody on their posted an email which I assumed was either from the company or one of the company brokers.
One hours notice, well at least they got the date right this time, I hope.
The last webinar they got the date wrong by a month, in the past, and refused to reissue an rns with the correct date.
Getting fed up with the directors here.
I'm sure they could have given people more warning.
No new info so still no word on last piece of funding !!!
Started: SlurmsMckenzie, 12 Aug 2020 08:01
Last post: SlurmsMckenzie, 12 Aug 2020 08:01
http://dehai.org/dehai/dehai-news/379524
Nothing revolutionary but covers the state of play,
"The big milestone for us is closing the funding gap – we already have $250m committed, we need a small but important balance.
“That’s what we are currently working through.”
Started: jono44, 28 Jul 2020 09:58
Last post: jono44, 28 Jul 2020 09:58
Anybody got a time machine!!
Not very encouraging.
Webinar is important for the company profile and to get date wrong doesn't give me any confidence if they can't get something a simple as that right.
Still a holder but patience wearing thin, expect another rns if they can be bothered.
Started: CommodityScrenr, 19 Jul 2020 18:07
Last post: SlurmsMckenzie, 22 Jul 2020 18:03
Hi CS,
I think thse cover the behavior of AFC, I thought they'd actually put it in an RNS but couldn't track it down, maybe it was just an asx announcement.
31st March (original deferrment)
https://www.danakali.com.au/images/stories/axs-announcements/2020/20200331_Danakali_provides_update_on_COVID_19_and_financing.pdf
1st June Update (waiting on some conditions)
https://www.danakali.com.au/images/stories/axs-announcements/2020/20200601_AFC_Investment_Update.pdf
Hopefully todays announcement fullfils some of the criteria, any other company and things would have gone boom today.
https://www.proactiveinvestors.co.uk/companies/amp/news/924780
As it is, the market is probably me, you, a couple of others here and Seamus Cornelius.
Hey DNK co-investors,
after someone posted a link to my first Research Report at the SO4 board I’ve received overwhelming feedback. One also suggested that I post a link to the report here because Danakali is also covered in it.
I’m a private investor who is invested in DNK for some time now. In my first Independent Research Report, I am covering the topic of Sulphate of Potash and the most promising stocks in this sector. DNK is definitely one of them. In case you are interested you can download it directly here: https://commodity-screener.com/download/717/
I would be very happy about your feedback. If you like this content you can register here for free to receive future issues: https://commodity-screener.com/research-reports/
I would also be interested to hear your opinion regarding AFC Bank's current behavior. DNK is waiting for the last tranche of their equity investment for quite some time now. Has anyone ideas for this current behavior?
Given this is the last piece of the puzzle before the construction can start it is definitely worth a discussion.
you are it will be perfect
Started: jono44, 19 Jun 2020 12:43
Last post: jono44, 19 Jun 2020 12:43
Just read the report, available on website link is in latest rns.
Well managed and properly run company that will provide value not only shareholders but will create jobs and support local businesses in Eritrea for many many years.
Looking forward to the inevitable rise in shareprice over the coming months and fully expect dividends at some stage.
GLA
Started: SlurmsMckenzie, 21 May 2020 18:06
Last post: SlurmsMckenzie, 21 May 2020 18:06
Feels like things are progressing well, slowly but well.
https://www.proactiveinvestors.co.uk/companies/news/920099/danakali-close-to-completing-feed-capital-and-schedule-update-for-sop-project-920099.html
Be interesting to see if Shore drum up any support, I'll be honest they're not in my good backs given a previous potash debacle!
Started: tonymaso, 13 May 2020 14:36
Last post: tonymaso, 13 May 2020 14:36
Full report in todays Shore Capital Newsletter....
DANAKALI^ (DNK, NR, CNP) – Chairman Seamus Cornelius makes
further on-market purchase; Eritrea successfully flattening COVID-19 curve.
Chairman Seamus Cornelius clearly has significant faith in Danakali’s prospects:
he has purchased on-market another 50k shares @ A$0.3753/share (i.e. c.
A$18.8k’s worth, or c.£10k).
• He had previously purchased: earlier this month, 44.6k shares @
A$0.3699/share (A$16.5k or £8.6k); and, in February 2020, 77.9k shares
@ A$0.57/share (c.A$44.3k or c.£23k). As a result, he now has direct and
indirect interests in 5.0m shares and 5.5m shares, respectively. Danakali
currently has 318.7m shares in issue.
• The Chairman hasn’t been the only buying. Encouragingly, just last week,
CEO Niels Wage bought A$18.8k’s (c.£10k) worth of Danakali shares (50k
shares @ A$0.375/share, or c.19.5p/share).
Meanwhile, according to the blog of the UNDP (United Nations Development
Programme) Africa, Eritrea has been successfully leveraging on social capital to
“flatten the [COVID-19] Curve”. At the time the article was published (1st May,
2020), Eritrea reportedly had only 39 infections and zero deaths. The article
credited this to the Eritrean government’s communal approach, which involved
“engaging communities as frontline disseminators of risk-communication, and
promoting social distancing”.
Danakali is developing the Colluli SOP (Sulphate of Potash) project in Eritrea.
According to the company’s March 2020 report, Phase 2 of the Engineering,
Procurement & Construction Management (EPCM) programme is “materially on
track”, and that Danakali remains relatively well-funded for the time being (ending
the period with A$22.7m of cash).
• Much of the Phase 2 EPCM work currently underway is desk-based in
nature, focused on completing the capital re-estimate and revision of the
project schedule.
• The cash pile is sufficient to last 8.8 quarters, assuming March 2020
quarter’s burn rate (excluding one-offs) – with the possibility of even longer,
given that Danakali anticipates “prudent spending” (restricted to areas
critical to Colluli’s development) resulting in a lower burn rate from Q2
2020.
Colluli is a 50:50 joint venture (CMSC) with the Eritrean National Mining
Corporation (ENAMCO).
• The project has a JORC 2012-compliant resource of 1.1Bt @ 10.5% K2O
for 203Mt of contained SOP-equivalent, which in theory could potentially
allow a mine life of nearly 200 years.
• Colluli is currently envisaged as a 60-year project developed in two stages:
Module I is to produce 472ktpa SOP; Module II would see this increasing
to 944ktpa from Year 6.
• A FEED study was completed in January 2018, wherein the capital cost of
Module I was estimated at US$302m. On a 100% basis, FEED estimates
of post-tax NPV10% (real) and IRR were US$902m and 29.9%, respectively,
assuming an average SOP price of US$569/t and a standard:granular
product split of 56:44.
Started: SlurmsMckenzie, 2 Dec 2019 22:52
Last post: QuantumStar, 7 Feb 2020 13:21
Quantum,
The only ones I know of are the smaller SOP brine projects being developed in Western Australia.
Kalium Lakes, Salt Lake Potash, Agrimin, Reward Minerals, BCI Minerals, Trigging Mining.
But they are all brine, so evaporative ponds etc are necessary and annual production forecasts are much smaller than DNK if they ever do go into production.
They won't make a dent in what DNK are planning.
DNK will also send all of the Mannheim SOP producers out of business.
Dirty, pollution, climate killing Mannheim will be over.
This project ticks every box.
Slurms,
I've been in it since the I.P.O in 2004!
But in the potash boom of 2011/12 our price went from 10c to $6 in a very short space of time.
Yes, the appointment of Todd is important as the world's investment funds continue to look at ESG metrics as investment criteria.
We just need to get DNK noticed by one of these funds and that is what I'm working on.
Talking to NASDAQ Corporate Solutions ESG about this.
Price is a double edged sword on the one hand it's nice to top up occasionally at these levels. On the other hand if further equity is to be raised the higher the price the better, I've only been in this since August it must feel like an eternity for the earlier investors on ASX.
Can't help but feel the appointment of Todd Romaine is very significant, we might see a PR push from him based on the UN report. Let's see.
I haven't bought any more shares in DNK since 2015-ish.
But at these levels, I'm adding a few here and there.
You just have to check out AfricaFC website at www.africafc.org and see where this is heading.
AFC's core mission is to address Africa's infrastructure development needs while seeking a competitive return on capital for their shareholders.
Since inception they have committed US$3bn to funding large scale infrastructure projects across Africa, including:
PORTS and ROADS.
Ports in Gabon, ports in Mauritania, port extension in Ghana, other ports across West Africa.
I think that behind the scenes the DNK agenda is to:
1/ Get this project up & running
2/ Get production/export up to 1mtpa through the current port of Massawa (230km away)
3/ Get AFC to fund and build a new port at Anfile Bay (87km away) (no cost to dnk)
4/ Ramp up production/export of SOP to 2mtpa, then 3mtpa, then 4mtpa, then 5mtpa
5/ Start shipping the rock salt, gypsum, sopM
6/ Make massive annual profits for the next 100-200 years
7/ Pay massive dividends to shareholders every year for the rest of our lives.
I kinda wish the company would push this bullish scenario.
They are too conservative in my opinion.
Via equity
https://www.danakali.com.au/investor-relations/asx-announcements
Looks like they're ready to go.
Still a little bit more to be raised and and it's still dependent on dotting the I's and crossing the T's. DYOR
Started: feedafrica, 14 Jan 2020 00:20
Last post: jono44, 4 Feb 2020 21:11
Agree maybe management have been to conservative, but they have delivered the goods as construction is about to start and will be producing in 2022, for over 200 years.
Time to get out and about promoting Danakali, maybe a Daily Mail article would not go amiss or an lse.co.uk interview, EML's CEO does them very well and to great effect.
Thanks Jono
Think its very misunderstood.... quick summary...
- The 200 year mine life is correct - whats crazy is that the deposit is shallow and never been closed off - meaning it could actually be even bigger! But is already the largest SOP (and possibly MOP) deposit in the world
- SOP is the most valuable form of potash - and Colluli's SOP has been tested to be the highest quality SOP in the world (nb there are three elements you need to grow everything, and they are irreplaceable - Nitrogen, Phosphate and Potassium or Potash. Potash is the most valuable of the three.
- Colluli is the only open pit potash project in the world - why? Because they are all ~ 1 km underground. So its the cheapest to produce, and the lowest risk. It also sits on a major shipping channel - The Red Sea.
So to summarise, Colluli is the largest, best quality, cheapest to produce and lowest risk potash project in the world. Which makes it the most strategic and valuable of all potash deposits.
Management has been extremely conservative, which is the reason that the price is where it is now. But with the funding all but complete, a fire is about to be lit here...
-
Good post Tony and along with today's rns and having read the new presentation on the website I can't see any reason not to invest here.
This share is definately flying below everyones radar at the moment but it's just to good stay that way.
Construction starting soon, funding derisked, government giving full backing, massive resource,
could go on and on, 200 year mine life, just had to get that in again!
Lots of other companies on lse just paying wages to directors but this one and a few others actually have people who are willing to get the job done and realise shareholder value.
Will keep topping up here before it gets on others radar because then the price will increase quite quickly especially when production starts. GLA
So this is getting very, very interesting now...
When you read the following JP Morgan announcement below, and put it with the start of this thread ie only mining project on the planet to have UN sustainability approvals - there is about to be a huge amount of interest in this company...
New York, January 21, 2020
J.P. Morgan (NYSE: JPM) today announced the creation of the J.P. Morgan Development Finance Institution (DFI) to expand its development-oriented financing activities in emerging markets. In consultation with leading development institutions, J.P. Morgan has created rules-based criteria to help identify business activities and opportunities that generate both financial and developmental returns.
“By defining eligible transactions and anticipating their impact, we can help attract much-needed private investment to developing countries,” said Daniel Pinto, Co-President of JPMorgan Chase and CEO of the Corporate & Investment Bank. “Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.”
By defining eligible transactions and anticipating their impact, we can help attract much-needed private investment to developing countries. Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets. Daniel Pinto, CEO of Corporate & Investment Bank, J.P. Morgan
Leading J.P. Morgan’s new effort is Faheen Allibhoy, a seasoned manager and investment professional with deep experience in emerging markets and development finance. Allibhoy, who will be based in New York, had an 18-year career at the International Finance Corporation, most recently as Country Manager responsible for operations and client relationships in West Africa. Daniel Zelikow, Global Head of J.P. Morgan’s Public Sector Group and Co-Head of the Infrastructure Finance and Advisory practice, will chair the DFI’s governing board.
The United Nations estimates that achieving the Sustainable Development Goals – which seek to address basic infrastructure, food security, climate change, health, and education – by 2030 will require $5 to $7 trillion per year, with an annual investment gap of about $2.5 trillion in developing countries. By galvanizing private capital towards this ambition, the J.P. Morgan DFI aims to help narrow the funding gap.
With its newly-launched Development Finance Institution, J.P. Morgan expects to attract additional investment into emerging economies – including connecting philanthropic or concessional funds with private capital to spur investment through blended finance models. In 2019 alone, J.P. Morgan served clients in 82 of the 144 World Bank-eligible borrowing countries. The DFI estimates that J.P. Morgan will be able to finance development activities valued at more than $100 billion annually from investment banking transactions alone, with additional contributions from its markets busines
And ... A reminder as the world turns to sustainability:
1/ DANAKALI'S Colluli Potash Project is the only mining project on planet earth to have United Nations sustainability approvals.
2/ It achieved an unprecedented 13 out of the 17 U.N. sustainable development goals.
3/ No.13 of these goals was 'Climate Action'
4/ Other goals included: 'No Poverty', 'Zero Hunger', 'Responsible Production and Consumption'
The U.N.D.P report:
http://www.danakali.com.au/images/stories/UNDP-Report-on-Colluli.pdf