The Growth And Expansion Of GPB Global Resources

GPB Global Resources is a firm that deals with petroleum and other minerals. The firm also operates globally. At the moment, the corporation has established a base of operation in areas such as South America, Africa, and the Middle East. GPB Global Resources has also managed to develop a base of operation in other nations, including Venezuela, Mali, Chad, and Niger. The company is also an affiliate of Gazprombank, one of the leading financial institutions in Russia.

The firm mainly deals with the management and acquisition of projects dealing with oil and gas. Some of the projects are usually in the development and exploration stages. The corporation has also been managing and purchasing projects that deal with minerals such as diamonds, gold, and various precious gems. GPB has also been financing infrastructure projects in some of the emerging markets.

Some of the projects by GPB include;

Chad

The company has been exploring for gold in Chad. The corporation managed to form a company that would deal with the exploration of minerals in Chad in 2011. The company was mainly developed to represent the interests of GPB within the nation. In 2012, GPB Global Resources was issued a license by the ministry in charge of mines and geology. The permit would last for five years. The company then went ahead to invest at least $10 million into the project.

Mali

The company is exploring gold in Mali. They have focused on the Barila concession. The Russian President’s special envoy traveled to Mali so that they could discuss the way forward with the government. GPB was then issued the go-ahead to proceed with the mining and exploration activities within Mali. The corporation was also issued a shareholding capacity within Macro Mining SARL.

The foreign ministers of Russia and Ethiopia also met recently. They were discussing the cooperation between the two countries in areas such as trade, infrastructure, as well as mining & exploration. Russia would benefit significantly from the mining sector in Ethiopia since the nation also possesses a lot of potential. Besides GPB Global Resources, there is another Russian firm that wants to come up with a modern hydroelectric station within Ethiopia. The nation is known as Inter RAO-Export.

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