Investing in commodities that support a sustainable future

Progress in 2023

  • 100% of capital deployed into future facing commodities
  • Invested $20m into Vizcachitas copper project in Chile and $7.5m into Piauí nickel-cobalt project in Brazil
  • Mantos Blancos’ operations were awarded the Copper Mark, and Brazilian Nickel were admitted into the Nickel Mark

2024 priorities

  • Add further scale and diversification to the portfolio
  • Increase disclosure of financed emissions across the

Commodity mix

Commodities such as copper, cobalt, vanadium and nickel play a vital role in the generation, storage and transmission of renewable forms of energy. Ecora also invests in commodities such as high purity iron ore pellets, which confer environmental benefits through the reduction of unit carbon emissions in steel production versus more standard forms of iron ore.

These minerals and metals are key for battery supply chains, the construction of solar panels and wind turbines and the transmission of renewable energy.

Since 2021 Ecora has deployed over $400m into new copper, nickel and cobalt royalties and streams. 

In 2023 Ecora invested $20m into the Vizcachitas copper project in Chile, one of the largest undeveloped copper projects in the world. The Group also advanced $7.5m to Brazilian Nickel to finance derisking workstreams on the Piauí nickel-cobalt project.

The Group was also delighted to see:

Mantos Blancos awarded the Copper Mark, a comprehensive assurance framework developed to ensure that participants demonstrate best practice in responsible production and contribute to the UN Sustainable Development Goals, and; Brazilian Nickel joining the Nickel Mark which will demonstrate nickel producer’s and the industry’s responsible production practices in an effort to promote transparency and accountability, the Mark will further demonstrate the Company’s commitment to working towards global Net Zero targets and reducing carbon emissions.