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Project Finance For Capital Project (applicable To Mining & Maginal Oil Field ) - Business - Nairaland

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Project Finance For Capital Project (applicable To Mining & Maginal Oil Field ) by knowledgecenter: 12:21pm On May 06
Easy guidance or advice for my fellow operators of mining sites: Until you have proven your reserve, your gold mining or tin ore site is a shadow of itself. Please do the following actions if you are looking for investors for your capital project or mining project:

1. Create a banking system or maintain a banking relationship with commercial banking, not Retail banking service.

2. You need the services of a paymaster.

3. Using your proven mineral reserve, obtain a mineral right or title for your project.

4. Value the proven reserve with the assistance of an insurance firm, and then add an insurance wrap to the proven reserve that has been valued.

5. You should be prepared to provide your proof of commodities (using the swift code MT 608) to a prospective private investor who can provide you with evidence of funds (using the swift code MT 760) with the assistance of your bank.

6. Don't forget to draft and have available an appealing contract that will allow your prospective investor to use Swift code MT 799 to confirm their proof of funds.

7. The banks or your paymaster will be happy to let you borrow up to 70% of the confirmed MT 760's loan to value-if you have a confirmed MT 760.

8. When you receive the funds, kindly utilize them responsibly to complete the project, settle all principal and interest, and generate cash flow for other people who require money to develop their own mine or capital project.

This method can help you break the red tape of your commercial bank charging a 4 percent interest rate per month, which has classified your project as highly risky. This method of project financing is called Non-Recourse Project Financing. It Involves some detailed tasks that are not written here.

If you are in the diaspora you need to liquidate your hard assets or move/ grow your funds across the border without breaking the Money Laundering Act, this also applies to you. This is how multinational firms play the game. It is called Structured Financing.

call+2348026480998 should you need answers to your questions about Capital Project Financing.

Re: Project Finance For Capital Project (applicable To Mining & Maginal Oil Field ) by knowledgecenter: 12:18pm On May 18
For the benefit of individuals who may be curious, this project funding approach is not standard banking; rather, it is known as structured financing, alternative financing, or private finance.

If you have to raise money through this financial process or use your asset as leverage to generate cash flow:

You must be Ready, Willing, and Able to complete the following actions or put the following in place to execute the above methodology:

Undergo KYC and KYB (CIS bank-to-banker confirmation).

Establish your own corporate Swift onboarding and Swift messaging services.

Obtain an insurance wrapper for your mining or oil and gas endeavor.

Draft your Contract to help your mining and oil & gas asset or project meet the bank or Investors' bank file compliance and audit.

Establish your internal procedure to verify the existence of the assets, the proof of cash, and the proof of commodity (try to avoid fraud, litigation, wasting time and resources, jokers, and using your title document to raise money).

Establish a procedure for performing background checks and due diligence on the parties to the transaction. (Avoid wasting resources and time).

Configure your procedure so that your business can accept payments in lieu of cash in the form of bank drafts, SKRs, SBLCs, or gold certificates, which will result in an off-book record.

Please be aware that only private bankers or investment bankers are qualified to manage this process; retail bankers are not.

Please don't hesitate to ask questions or consult an expert. This article is solely meant to be educational.

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