Bavura Holdings, which is linked to Nigerian billionaire and founder of Aiteo Group, Benedict Peters, has been awarded a concession to explore/mine platinum in Zimbabwe.
Nairametrics understands that the President Emmerson Mnangagwa-led Government is opting to explore its reserves of platinum, which is used in catalytic converters for limiting emissions, especially now that vehicle manufacturers are moving to electric cars powered by lithium batteries.
More Details: According to the country’s Information Ministry, Bavura Holdings, in which the Nigerian billionaire holds a majority stake, had been scheduled to sign an agreement to mine platinum on Zimbabwe’s mineral-rich Greak Dyke.
Interesting facts about Benedict Peters: After completing his academic education, Benedict Peters launched his career. He has since held various senior roles in banking, commodity trading and the Nigerian oil and gas industry.
In the early 1990s, he became the co-founder of Ocean and Oil Limited, known today as Oando, a petroleum exploration, and trading company.
In 1994, Peters joined MRS as a managing director. MRS is a major downstream petroleum firm and the owner of all Chevron/Texaco petrol stations throughout West Africa.
In 1999 after gaining extensive experience in the multi-layered global energy industry, Peters founded Sigmund Communecci, a company which would later become the Aiteo Group. While Sigmund Communecci’s main focus was tank farms and other aspects of the downstream sector, Aiteo Group is active in both upstream and downstream sectors of the petroleum industry.
Aiteo supplies the global market with oil and gas products, which are refined and produced in-house, while also conducting resources exploration projects. Since its inception, the company has become one of the most successful energy providers in Nigeria and is considered a major player in the international industry.
As founder and CEO, Peters drives Aiteo Group to continued success by designing innovative strategic models, collaborating with local communities and forming international joint ventures.
