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This list represents a selection of ATI projects

Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Copper Mining
Maximum Sum Insured:
$83.9 million

The DRC's copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure. The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $500 million project, located in the copper belt of central Africa, is potentially the world's largest and lowest cost cobalt producer generating 30,000tpa of copper and 5,500tpa of cobalt.

With ATI insurance cover for the full equity, South Africa's Industrial Development Corporation was able to contribute to the project and help the DRC generate much needed jobs and income.

In addition to building a medical clinic, housing and health education programmes, the project will employ upwards of 750 people once completed.

Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Mining
Maximum Sum Insured:
$125,000

This project shows how even a small venture can have direct and positive impacts on a countrys socio-economic welfare. The project supports FDI flows into the DRC and in doing so paves the way for additional investments. Armed with a three-year ATI Political Risk Insurance policy covering the full project investment, a UK-based company was comfortable investing in a precious minerals trading business in the country.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Project:
Copper Mining
Maximum Sum Insured:
$5.6 million

Africa's biggest copper reserves are in Zambia, where for the past decade the government has experienced broad gains. The project expects to become Zambia's single largest mine by output, generating over 1,500 jobs during construction and more than 1,000 once in full operation. The mine aims to produce 150,000 tonnes of copper per year and is already fulfilling its employment promise as it absorbs many laid off workers from other mines impacted by the financial crisis.

Australia's Export Finance and Insurance Corporation (EFIC) issued a $90 million Political Risk Insurance policy, covering one loan tranche as part of the $863 million project. ATI supported EFIC alongside other public and private sector insurers by providing reinsurance cover, the first partnership between ATI and EFIC. Strengthening partnerships with export credit agencies from outside Africa, such as EFIC, is central to ATI's strategy to provide a wider range of support for investors in Africa.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; transfer restriction and inconvertibility and war, civil disturbance or civil commotion
Project:
Copper Mining
Maximum Sum Insured:
$40.3 million

The DRC’s copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure.

The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $593 million project, located in the copper belt of Central Africa, is potentially one of the largest and lowest cost cobalt producer generating 35,000tpa of copper and 7,000tpa of cobalt.

Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Insolvency, delayed payment, transfer restriction, expropriation, war and civil disturbance and embargo
Project:
Transportation of fuel
Maximum Sum Insured:
$6.4 million

A multilateral financial institution mandated to finance intra-African and international trade, approached ATI for insurance cover against non-payment by their borrower, a transport specialist within the mining industry. 

Mining revenues contribute a sizeable portion of Zambia’s GDP. Within the mining region, infrastructure, in particular road transport, has hampered the industry’s productivity. This project will provide mining companies with access to reliable transportation of their supplies.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; damage or business interruption caused by war; civil disturbance or political violence; embargo; currency inconvertibility and transfer restriction; export license cancellation; forced abandonment; selective discrimination; and mining agree
Project:
Development of a copper mine
Maximum Sum Insured:
$160 million

When an international investor in a copper mine obtained financing for the second phase of project development, its financiers sought ATI’s political risk insurance to protect their loans against non-payment arising from any government-related actions or inactions. The decision was based in part on the strength of ATI’s relationship with the DRC government, which is also a shareholder in ATI. A syndicate of international insurers participated in the program with ATI, their main source of comfort being the preferred creditor status that ATI enjoys vis-à-vis its member states such as the DRC.

After undergoing the normal underwriting due diligence, which includes environmental clearance by an independent consultant, the project was approved, making it the largest single transaction in ATI’s history. The total investment of the project, estimated at over $400 million, is expected to create employment and improve the economic status of an entire region.

Sector:
Mining
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Suppliers default on Advance Payment
Project:
Supply of copper cathodes
Maximum Sum Insured:
$22.5 million

ATI supported a regional bank’s Trade Finance Facility for the purchase and sale of copper cathodes. Under the facility, the bank will pay the supplier the required advance payment on behalf of the buyer – a renowned multinational commodities trading company. ATI’s policy covers the buyer when the supplier fails to deliver the commodity and following that fails to reimburse the advance payment. The transaction facilitates trade between Africa and Europe and demonstrates a unique trade finance structure with ATI’s credit-enhancement.

Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private buyer
Project:
Supply of fuel to a copper mine
Maximum Sum Insured:
$7 million

A South African based fuel importer faced a challenging situation. Rising fuel prices combined with its client’s need to ramp up production meant they required greater capacity to fill the order. They sought help from a premier African bank, which set up a financing facility. ATI then stepped in with a $4 million policy that protects the bank against non-payment by the fuel importer.

Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Copper Mining
Maximum Sum Insured:
$83.9 million

The DRC's copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure. The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $500 million project, located in the copper belt of central Africa, is potentially the world's largest and lowest cost cobalt producer generating 30,000tpa of copper and 5,500tpa of cobalt.

With ATI insurance cover for the full equity, South Africa's Industrial Development Corporation was able to contribute to the project and help the DRC generate much needed jobs and income.

In addition to building a medical clinic, housing and health education programmes, the project will employ upwards of 750 people once completed.

Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Mining
Maximum Sum Insured:
$125,000

This project shows how even a small venture can have direct and positive impacts on a countrys socio-economic welfare. The project supports FDI flows into the DRC and in doing so paves the way for additional investments. Armed with a three-year ATI Political Risk Insurance policy covering the full project investment, a UK-based company was comfortable investing in a precious minerals trading business in the country.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Project:
Copper Mining
Maximum Sum Insured:
$5.6 million

Africa's biggest copper reserves are in Zambia, where for the past decade the government has experienced broad gains. The project expects to become Zambia's single largest mine by output, generating over 1,500 jobs during construction and more than 1,000 once in full operation. The mine aims to produce 150,000 tonnes of copper per year and is already fulfilling its employment promise as it absorbs many laid off workers from other mines impacted by the financial crisis.

Australia's Export Finance and Insurance Corporation (EFIC) issued a $90 million Political Risk Insurance policy, covering one loan tranche as part of the $863 million project. ATI supported EFIC alongside other public and private sector insurers by providing reinsurance cover, the first partnership between ATI and EFIC. Strengthening partnerships with export credit agencies from outside Africa, such as EFIC, is central to ATI's strategy to provide a wider range of support for investors in Africa.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; transfer restriction and inconvertibility and war, civil disturbance or civil commotion
Project:
Copper Mining
Maximum Sum Insured:
$40.3 million

The DRC’s copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure.

The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $593 million project, located in the copper belt of Central Africa, is potentially one of the largest and lowest cost cobalt producer generating 35,000tpa of copper and 7,000tpa of cobalt.

Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Insolvency, delayed payment, transfer restriction, expropriation, war and civil disturbance and embargo
Project:
Transportation of fuel
Maximum Sum Insured:
$6.4 million

A multilateral financial institution mandated to finance intra-African and international trade, approached ATI for insurance cover against non-payment by their borrower, a transport specialist within the mining industry. 

Mining revenues contribute a sizeable portion of Zambia’s GDP. Within the mining region, infrastructure, in particular road transport, has hampered the industry’s productivity. This project will provide mining companies with access to reliable transportation of their supplies.

Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; damage or business interruption caused by war; civil disturbance or political violence; embargo; currency inconvertibility and transfer restriction; export license cancellation; forced abandonment; selective discrimination; and mining agree
Project:
Development of a copper mine
Maximum Sum Insured:
$160 million

When an international investor in a copper mine obtained financing for the second phase of project development, its financiers sought ATI’s political risk insurance to protect their loans against non-payment arising from any government-related actions or inactions. The decision was based in part on the strength of ATI’s relationship with the DRC government, which is also a shareholder in ATI. A syndicate of international insurers participated in the program with ATI, their main source of comfort being the preferred creditor status that ATI enjoys vis-à-vis its member states such as the DRC.

After undergoing the normal underwriting due diligence, which includes environmental clearance by an independent consultant, the project was approved, making it the largest single transaction in ATI’s history. The total investment of the project, estimated at over $400 million, is expected to create employment and improve the economic status of an entire region.

Sector:
Mining
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Suppliers default on Advance Payment
Project:
Supply of copper cathodes
Maximum Sum Insured:
$22.5 million

ATI supported a regional bank’s Trade Finance Facility for the purchase and sale of copper cathodes. Under the facility, the bank will pay the supplier the required advance payment on behalf of the buyer – a renowned multinational commodities trading company. ATI’s policy covers the buyer when the supplier fails to deliver the commodity and following that fails to reimburse the advance payment. The transaction facilitates trade between Africa and Europe and demonstrates a unique trade finance structure with ATI’s credit-enhancement.

Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private buyer
Project:
Supply of fuel to a copper mine
Maximum Sum Insured:
$7 million

A South African based fuel importer faced a challenging situation. Rising fuel prices combined with its client’s need to ramp up production meant they required greater capacity to fill the order. They sought help from a premier African bank, which set up a financing facility. ATI then stepped in with a $4 million policy that protects the bank against non-payment by the fuel importer.