Overview:

Charles Acelor is the Chairman of Ace Global Resources LLC. His strong business acumen and vast expertise combined with international contacts within the energy and mineral industries, add significant value to the Corporation. The Corporation’s model is economic expansion through coordination between private entities and governments to facilitate implementation of oil, gas and minerals contracts. Current projects include select crude oil allocations as well as mining concessions.Long-term relationships with select private sectors and government entities help to facilitate acquisition and contracting of international resources, thereby contributing economic growth to the Corporation.

Latest Developments:

Oil – Energy:

ACE Global Resources LLC (AGR) has pre-established governmental relationships with the Nigerian National Petroleum Corporation (NNPC)  which allocates approximately 80 percent of crude lifting deal to NNPC Trading – an arm of the Corporation which evolved from the merger of its trading companies.

Background: The federal government generally awards one-year crude lifting contracts, covering about 1.31 million barrels per day, to dozens of companies —the majority are Nigerian, and the rest include 11 international trading houses, five foreign refineries, three national oil companies and two NNPC trading entities. NNPC Trading currently handles 40% of the country’s oil lifting.

Crude oil trading and potential refined products:

  1. Jet Fuel
  2. Diesel
  3. Gasoline
  • AGR is positioned to receive major allocations from the Nigerian National Petroleum Corporation/NNPC-related companies.
  • AGR customers will be U.S., UK and E.U. refineries (Bonny Light crude is in high demand due to its high API gravity and low sulfur – making it easy to refine.)

Mining Concession – Coltan (Columbite-Tantalite)

Coltan is the most sought-after mineral worldwide due to the fact that once refined, it becomes a heat-resistant powder that can hold a high electrical charge, and is essential for production of cellphones, laptops and electric cars. Letters of intent have been executed, and beginning in the 3rd quarter of 2019, AGR is poised to receive coltan and cobalt mining concessions  from governmental entities due toAcelor’slong-term business networks and well-developed personal business relationships within the Democratic Republic of Congo.  DRCis where over 60% of the world’s supply of cobalt is mined. Cobalt and coltan are technology minerals which are in tremendous international demand due to the necessity of this mineral for the production of mobile phones, laptops, hybrid/electric cars, and solar panels.

Mining Concession – Bauxite

Further, AGR will simultaneously gain bauxite mining concessions from select regions within the Democratic Republic of Congo.   It is the principal ore of aluminum.The industry is growing, in fact Alcoa forecasts that the bauxite demand will grow by 8% per year.