BLUEGRACE ENERGY BOLIVIA, headquartered in Bolivia, and COMPANIA MINERA ARCO DE ORO S.A.C., based in Lima, have officially solidified a transformative investment partnership.
LIMA, Peru, Aug. 22, 2023 /PRNewswire-PRWeb/ -- BLUEGRACE ENERGY BOLIVIA, headquartered in Bolivia, and COMPANIA MINERA ARCO DE ORO S.A.C., based in Lima, have officially solidified a transformative investment partnership. This landmark collaboration, marked by the signing of a binding Investment Letter of Intent (Lol), represents a crucial stride toward a comprehensive future agreement.
The agreement signifies that BLUEGRACE ENERGY BOLIVIA, under the leadership of the CEO and Founder Mr. Julio Jose Montenegro, is poised to acquire a 50% stake in the total Shares-Capital of COMPANIA MINERA ARCO DE ORO S.A.C. This powerful alliance receives additional reinforcement through a convertible bond from BLUEGRACE ENERGY BOLIVIA, designed to fortify the operational capacities of COMPANIA MINERA ARCO DE ORO S.A.C. The repayment of this convertible bond will be structured from the returns generated by the investment.
Steering Towards Success
The core framework established in the Investment Letter of Intent (Lol) functions as the bedrock upon which an impending formal agreement will be built. Beyond the financial implications, this partnership resonates with the shared commitment of both entities towards growth, transparency, mutual triumph, and the principles of the Sustainable Development Goals (SDG).
Arco de Oro Mining Project: Pioneering Green Mining and Embracing Sustainable Development Goals
The Sustainable Development Goals (SDG) are a blueprint designed by the United Nations to achieve a better and more sustainable future for everyone. There are 17 interconnected SDGs, and the aim is to achieve all of them by 2030 to ensure no one is left behind. We rely on natural forest capital in conjunction with the Sustainable Development Goals (SDGs) through Sustainable Development Mechanism (SDM) projects, aligned with the 17 United Nations objectives, applying the IFC Methodology.
Some of these goals include [7] Affordable and Clean Energy; [9] Industry, Innovation, and Infrastructure; [11] Sustainable Cities and Communities, [12] Responsible Consumption and Production, [13] Climate Action, [15] Life on Land Ecosystems, and [17]Partnerships to achieve goals. Each goal has specific targets and indicators to measure progress and ensure a holistic approach to sustainable development.
The crux of this partnership revolves around the "Arco de Oro Mining Project," an environmentally conscious endeavor based in Peru. The project's objective is to revolutionize extractive processes by transitioning to a 100% green methodology across its operational spectrum. Spearheaded by BLUEGRACE ENERGY BOLIVIA SRL, a company dedicated to environmental management, conservation, and the principles of the SDG, the project is set to redefine responsible mining practices.
The Sustainable Development Goals (SDG) align closely with the Sustainable Development Mechanism (SDM), a global platform created under the Paris Climate Agreement to promote emission reduction trading among all nations. Intended to succeed the Clean Development Mechanism (CDM) from the 1997 Kyoto Protocol, the SDM encourages climate initiatives by enabling parties to trade 'carbon credits'. These credits are garnered through carbon reduction or removal from the atmosphere, either by implementing eco-friendly production techniques or by bolstering or preserving carbon reservoirs in ecosystems.
Under Article 6.4 of the Paris Agreement, the SDM allows for the transfer of carbon credits to another country, which can then count them towards its nationally determined contributions (NDCs). This provision explicitly recognizes the role of private entities in mitigating greenhouse gas emissions, enabling states, companies, and even individuals to purchase credits. The mechanism ensures that emission reductions are additional and not part of another mandatory scheme established to reach a country's NDC.
Leading the Sustainable Finance Frontier
Over the past 15 years, Latin America and the Caribbean have surged in the global sustainable bonds market, contributing over $40 billion by 2022. Pioneers like Bluegrace Energy Bolivia and COMPANIA MINERA ARCO DE ORO S.A.C. showcase the power of sustainable finance. Bluegrace has issued the required Green Certificate Bonds (GCB) to complete this acquisition, highlighting an unwavering commitment to sustainability. COMPANIA MINERA ARCO DE ORO S.A.C. will channel GCB debt bonds towards impactful projects, capturing a meaningful percentage of market share in Peru.
Sustainable Compliance and Community Engagement
Emphasizing its commitment to global environmental standards, the project adheres to the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol (KP), and the principles of the SDM. Peru adheres to the UNFCCC and has ratified the Paris Agreement. Over the years, Peru has taken steps to address climate change, such as the formulation of its Nationally Determined Contributions (NDCs). Ensuring a harmonious coexistence with local communities, governments, and environmental organizations is paramount. Through open dialogue and stakeholder engagement, the project aims to garner support and feedback as it embarks on this groundbreaking transition.
Continuous Monitoring and Improvement
Integral to the project's success is its rigorous monitoring and continuous improvement initiatives. By implementing robust measurement systems and embracing a culture of ongoing enhancement, the project ensures that it not only meets but exceeds its sustainability objectives. Throughout all stages of the process, opportunities for refinement will be explored to fortify its commitment to a greener future.
About Bluegrace Energy Bolivia
Bluegrace Energy Bolivia is an association of experts and professionals from around the world with years of experience in the energy sector, with the common goal of making a valuable contribution to the global energy transition towards a net zero future. Witnessing the alarming effects of climate change and the challenges facing societies on their path toward sustainability, we conceived Bluegrace Energy Bolivia SRL as a platform from which we could coordinate our efforts in our mission. Our experts stand out in both clean and renewable energy and have decades of experience leading innovative projects in the field of energy transition towards a model "fit for the challenges of the 21st century". At Bluegrace, we adhere to the common principles of professional expertise, the highest integrity, and creating real value in both business and society. Visit https://bluegracebolivia.com for more information.
About Compañia Minera Arco de Oro S.A.C.
Cia. Minera Arco De Oro S.A.C. is a company in Peru, headquartered in Lima. It operates in the sector of mining non-metallic minerals, other than those specifically categorized. The company was established on April 1, 2008.
For further information, please contact:
JULIO JOSE MONTENEGRO
[email protected]
+1 (305) 9728173 (Miami - EE.UU.)
NELSON PINEDA MARTINEZ
[email protected]
+591 714-72257 (Bolivia)
For media inquiries, please contact:
Ivan Linde
[email protected]
+1 (786) 273-7068
Disclaimer
This announcement is solely for informational use and should not be viewed as financial, legal, or investment guidance. It includes projections and statements that aren't based on past events. Any statement in this release that isn't a historical fact is a projection. Readers should be aware that the basis for these projections might be incorrect and are advised not to rely solely on them. Any projections in this announcement come with a warning. The mandates provided are applicable only to countries where the Company operates and/or is registered. They are accurate as of the release date. The Company does not intend to revise them unless required by the securities regulations of those specific countries.
SOURCE BLUEGRACE ENERGY BOLIVIA
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