When was African Compass International (ACI) founded?
ACI is built on the foundation of more than 4 predecessor firms. The earliest was JNU Company, founded in 1995.
What is ACI?
ACI is a tri-sector privately owned registered company in Mauritius and has subsidiaries in South Africa; Zimbabwe t/a Outwood Mineral Resources (Pvt.) Ltd; Austria, ACI Holdings & Investments; Japan, ACI Ltd Japan; and Canada, ACI LPP Canada.
The Company’s focus in mining is to secure substantial rare earths and base metal deposits in Africa, South America and Eurasia in order that it may produce and bring them to the market through maximizing production and contribute significantly to the mining industry, with the potential to create employment in the form of thousands of permanent positions.
The agri-business and energy main objective is to develop the portfolio projects to the highest standards by investing in skills, environmental preservation, equipment and sustainable production.
Click here to learn more About ACI.
What is ACI’s vision and mission?
To enhance the lives of all Africans through our efforts to create wealth, food and sustainable energy by generating shareholder value through acquisition, exploration, refining, development, production, sourcing and trading programs in mining, energy and agri-business projects.
ACI’s mission is to continually achieve greater scale and diversification in agri-business, energy and the mining industry through a focus on serving the world’s largest and fastest growing markets. Recent investments in Africa, South America and Eurasia, as well as acquisitions and joint ventures in mining, energy and agri-business illustrate the execution of this mission.
What are ACI’s corporate headquarters address and telephone number?
To global headquarter of ACI is located in Mauritius:
African Compass International Mauritius (Pty) Ltd3rd Floor, Ebène Esplanade 24 Cybercity Ebène
Who are ACI’s key management members?
Mr. Julian RUPARE, Jr. – Chief Executive Officer, Zimbabwean.
Mr. Charles Nhamo RUPARE – Chief Operating Officer, South African/Zimbabwean.
Mr. Ubandance MAZUNGA – Chief Legal Officer, Canadian/Swiss.
Dr. Victor Manuel Santos CORREIA – Chief Geologist, Portuguese.
Where are your global offices?
ACI has its registered head office in Ebène, Mauritius and subsidiary offices in Johannesburg, South Africa; Austria, Vienna; Tokyo, Japan; Toronto, Canada; and Harare, Zimbabwe. The company’s operations currently are based in Africa, South America and Eurasia.
How many jobs are created and sustained from ACI projects?
ACI currently employs hundreds of people in its mining, energy and agri-business operations to meet the demand of the tri-sector market. The mining, energy and agri-business projects are expected to generate hundreds more of direct jobs during the expansion construction phase and hundreds more direct operational jobs for life of the projects, currently expected to last decades.
When is the company’s year end?
How profitable was ACI last year?
We do not disclose financial information to the general public as we are not a publicly listed company which might change in the future when we go public.
Why does ACI not make its Financial Statements available?
We do not distribute our Annual Report as we are not a publicly listed entity. However, upon Board approval, ACI’s Confidential Financial Information (CFI) can be accessed here.
What currency are your Financial Statements prepared?
Does ACI have a Conflict Mineral Policy?
ACI Conflict Mineral Policy can be found on our website.
What minerals are considered Conflict Minerals?
Conflict Minerals, regardless of their origin, include columbite-tantalite (tantalum), cassiterite (tin), wolframite (tungsten), gold and their derivatives (3T&G).
What is the acronym “3T&G”?
The 3T’s are the derivative elements known as Tin, Tantalum and Tungsten. The G stands for the element called Gold.
Are copper and cobalt included in the definition of Conflict Minerals?
Copper and cobalt are not currently included in the final rule of current U.S. legislation covering Conflict Minerals.
Where can I find Conflict Mineral legislative information and technical guidance?
You can find additional information on Conflict Mineral legislative and technical guidance from amongst others the following sources:
What is Section 1502 of the Dodd-Frank Act?
Becoming effective on July 21, 2010, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires companies regulated by the Securities and Exchange Commission (SEC) to inquire into the origin of Conflict Minerals in their supply chain and report on the due diligence or reasonable inquiries to determine whether Conflict Minerals contained in their products are sourced from the Democratic Republic of Congo (DRC) or adjoining countries or if they are from recycled or scrap sources. Companies within the scope of the Dodd-Frank Act will be expected to know and disclose the source of Conflict Minerals in their products.
What was the publish date of the Dodd-Frank Act Section 1502 requirement and when are companies required to report?
The requirements of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 were initially in abeyance until the SEC published the final rule on the compliance requirements, August 22, 2012. The final rule states that companies under scope are required to report the first full fiscal year after the final rule is published.
What companies fall under the scope of the Dodd-Frank Act?
Companies under scope are required to meet three criteria:
1) The company must be publicly traded in the U.S.;
2) The company must manufacture or contract to manufacture products; and
3) The Conflict Minerals used in these products must be necessary to the functionality or production of the product.
Is ACI subject to the Dodd-Frank Act?
The SEC disclosure requirements applies to U.S. stock market listed companies that are subject to the U.S. Securities Exchange Act. ACI is a privately held South African company and is not listed on any U.S. stock market and does not have shares through an American Depositary Receipt (ADR). As such, it is not by law, subject to the Dodd-Frank Act.
Why is ACI addressing the Conflict Mineral issue?
Albeit ACI is not subject by law to the requirements of the Dodd-Frank Act, we are mining and sourcing minerals from the DRC and adjoining countries we sell to companies which have to comply with any obligations relative to this law.
What are the reporting requirements as defined by the Dodd-Frank Act?
Companies under the scope of the Dodd-Frank Act will be required to disclose whether Conflict Minerals are found in their products and whether those minerals originated from the DRC or its adjoining countries or if they are from recycled or scrap sources. The SEC regulations clarify the requirements and due dates needed to support the disclosure report (Form SD) to the SEC.
Is there a minimum amount of percentage by weight that defines a minimum Conflict Mineral content in a product?
There is no minimum amount or percentage content as defined in the final rule of the current legislation.
Who at ACI is coordinating the company’s Conflict Mineral compliance effort?
ACI Conflict Mineral Compliance is coordinated by the Chief Legal Officer.
How does ACI involve the community?
ACI commits hundreds of dollars for community, philanthropic and public good causes, as part of our support for the wider communities in the SADC and other regions we operate. This commitment is further strengthened by setting aside a portion of our capital as our community contribution.
ACI established a Trust to oversee independently the financial management of philanthropic endowments and gifts as well as endowment disbursements to approved non-profit beneficiaries. The Trust is an additional shareholder with an interest in ACI’s continued success.
How often is your Web site updated?
Most of the general information on the site is updated frequently and sometimes will not be updated as often because it is unlikely to become dated.
Where can I obtain more information?
For additional information please Contact Us.