Indeed, Simmpa.
And here's an interesting point for you to ponder.
1) KfW IPEX-Bank is a Member of the Equator Principles Association.
2) KfW IPEX-Bank requires adherence to the Equator Principles.
3) KfW IPEX-Bank did not accept the standard process under the Mining Act 2010 (Tanz) as having adhered to the Equator Principles.
4) If KfW IPEX-Bank did not consider that the standard process under the Mining Act 2010 to adhere to the Equator Principles then other Members of the Equator Principles Association also will not.
5) Therefore,
here is a list of banks who may not lend to Tanzanian graphite projects that are using the standard process under the Mining Act 2010 as the basis for their RAP:
ABN Amro
Access Bank Plc
Ahli United Bank B.S.C.
Arab African International Bank
ASN Bank N.V.
Australia and New Zealand Banking Group Limited (ANZ)
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
Banco Bradesco, S.A.
Banco de Crédito
Banco de Galicia y Buenos Aires S.A.
Banco de la República Oriental del Uruguay
Banco do Brasil
Banco Mercantil del Norte S.A.
Banco Popular Español
Banco Sabadell
Banco Santander S.A.
Banco Votorantim SA
Bancolombia S.A.
Bank Muscat S.A.O.G.
Bank of America Corporation
Bank of Montreal
Bank of Nova Scotia
Bank of Tokyo-Mitsubishi UFJ, Limited
Bankinter
Barclays plc
BMCE Bank
BNP Paribas
CAIXA Econômica Federal
CaixaBank
Canadian Imperial Bank of Commerce (CIBC)
Cathay United Bank Co., Ltd
CIBanco S.A.
CIFI (Corporacion Interamericana Para El Financiamiento de Infraestructura S.A.)
Citigroup Inc.
Commonwealth Bank of Australia
Coöperatieve Rabobank U.A.
Credit Suisse Group
Crédit Agricole Corporate and Investment Bank
DekaBank Deutsche Girozentrale
DNB
DZ Bank AG
E.SUN Commercial Bank, LTD
Ecobank Transnational Incorporated
Efic
Eksport Kredit Fonden
Ex-Im Bank
Export Credit Norway
Export Development Canada
Fidelity Bank Plc
FirstRand Limited
FMO (Netherlands Development Finance Company)
HSBC Holdings plc
IDFC Bank
Industrial Bank Co., Ltd
ING Bank N.V.
Instituto de Crédito Oficial (ICO)
Intesa Sanpaolo SpA
Itaú Unibanco S.A.
JPMorgan Chase Bank, N.A.
KBC Group N.V.
KfW IPEX-Bank GmbH
Lloyds Banking Group Plc
Manulife
Mauritius Commercial Bank Ltd.
Mizuho Bank, Ltd.
National Australia Bank Limited
National Bank of Abu Dhabi PJSC
Natixis
Nedbank Limited
NIBC Bank N.V.
Nordea Bank AB (publ)
OP Financial Group
Royal Bank of Canada
Royal Bank of Scotland
Skandinaviska Enskilda Banken AB
Société Générale
Standard Bank of South Africa Limited
Standard Chartered PLC
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Trust Bank, Limited
Svenska Handelsbanken AB (publ)
TD Bank Financial Group
UK Export Finance
UK Green Investment Bank plc
UniCredit SpA
Wells Fargo Bank, N.A.
Westpac Banking Corporation
Conclusion: Best of luck to every other Tanzanian graphite project who may be seeking Western capex funding.
(20min delay)