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We are excited to announce that Buchanan has joined Burson, the industry-leading, full-service communications agency formed from the merger of BCW and Hill & Knowlton, which will complete on July 1, 2024.   The merger will create the largest PR firm globally, with 6,000 employees in 43 markets.

This new partnership will enable us to offer additional and enhanced services to our clients – in international markets such as the USA, EMEA and Asia, and in broader disciplines including public affairs, B2B, consumer, corporate and other strategic advisory services.

“The formation of Burson as the market-leading powerhouse in the global communications industry provides an exceptional opportunity for Buchanan to consolidate its leading position in London and expand its operations internationally” said Richard Oldworth, Chairman of Buchanan. “We share a common vision with Burson of building and protecting reputations, delivering significant value and placing our clients first, as capital markets evolve and present exciting global opportunities. Having the expansive global network and complementary skillsets which Burson provides will be of tremendous value to our existing and prospective clients.” 

For further details see here

Since 2020 the Altrad group has pursued a progressive acquisition strategy, with 14 new acquisitions adding 24,000 new employees and around €2.8Bn of new revenue, with an expanded service offering.

The Annual Report focuses on the integration of these acquisitions under a ‘One Altrad’ banner, exploring how the enlarged group which now consists of 60,000 people working across 54 countries, prioritises diversity and inclusion and the promotion of entrepreneurism with a culture of creation and innovation.

Buchanan supported Altrad with content creation for the report through engagement with senior management and team members from across the group. In addition, Buchanan has been mandated to advise Altrad on the forward development of its ESG strategy, and its effective implementation and communication to all stakeholders.

View the report here

As Mining Indaba begins, we are constantly reminded of the core strengths of community – this is demonstrated by the gathering of miners, brokers, investors and journalists, all of whom momentarily put aside their rivalry and enjoy each other’s company as critical stakeholders in the mining industry.

Though Mining Indaba is associated with corporate speeches, presentations, and in some cases the numerous drinks parties which labelled as networking events, nothing sums up the community ethos of this hectic week more than the site visits to mines across Africa that top and tail the conference itself. 

The site visit to Pan African’s Evander Gold Mine on Friday 2 February fully encapsulated this – some of London’s highest profile mining analysts, investors from global investment funds, and financial media, all descended more than a mile under the surface of the earth to see what a typical day job entails for those who work at 8 Shaft Pillar at Evander, which really brought home just how extraordinary this industry is. For those outside of the industry, mining is seen as a dirty, dangerous, and environmentally destructive business. The broader reality is that Evander, and hundreds like it across the planet, bring jobs, purpose, community, sustainability, critical metals to a rapidly changing world, and wealth to the local community.  Evander has done precisely that across several generations (Evander has been producing gold since 1958), and will continue to do so for at least another 40 years.

Having hosted another successful and well attended annual Diggers vs Dealers cricket match, the tenth in a row and where the brand-new cricket equipment is donated to a local under privileged school, Bobby Morse, Buchanan’s Senior Partner and Head of Mining, and Oonagh Reidy, Associate Director, are looking forward to engaging with the Indaba community. Buchanan clients attending Indaba include Sovereign Metals, which is developing the largest rutile discovery and second largest flake graphite deposit globally; Capital Ltd, the global mining services company with a significant African heritage; Kodal Minerals, currently building a leading lithium mine in West Africa; Hummingbird Resources, which has just brought its second gold mine into production in Guinea; and Predictive Discovery, who has made the largest gold discovery in West Africa for over a decade.

The Buchanan team looks forward to what will be a very busy yet engaging week in Cape Town!

Buchanan is delighted to be advising EnergyPathways plc (AIM: EPP), a UK focused integrated energy transition company, who commenced trading on AIM on the London Stock Exchange on Wednesday, 20th December 2023.

As part of the process of admission to trading on AIM (“Admission”), the company has raised gross proceeds of £2m through the issue of 50,000,000 new ordinary shares of £0.01 each at an issue price of 4 pence per share, equating to a market capitalisation of approximately £6.32million on Admission. 

EnergyPathways is initially focused on the “ready to go” development of the 46Bcf Marram gas field which is in Morecambe Bay in the UK Irish sea. The field is a simple low-cost tie-back to existing infrastructure development in shallow water with an attractive NPV10 of c.£100 million, greater than 70% rate-of-return and less than 12 months payback.

The company has identified additional short cycle development potential similar to Marram targeting around 134Bcf in adjacent fields, with additional reserve potential of up to 2Tcf of overlooked gas resources in the same area.

The company has identified the UK Irish sea as being uniquely positioned to be a hub for energy transition solutions with opportunities to utilise existing O&G and new renewables infrastructure to provide energy storage, hydrogen production and flexible power generation. By listing in London and establishing a strong resource portfolio in the area EnergyPathways intends to position itself to be a key player supporting the UK meet it energy security and net-zero objectives.

Buchanan advised EPP through the RTO process and achieved widespread, supportive media coverage across national, investment and trade publications.

Commenting on Buchanan’s role in the RTO process, CEO and co-founder Ben Clube said:

“Buchanan played a critical role in supporting EnergyPathways through the Listing process. Their strategic input in the crafting of the equity story messaging and the development of a communications strategy has been very effective in helping to drive awareness of EnergyPathways to our target audiences. We look forward to working with Buchanan as we begin our journey as an AIM listed business.”

Buchanan’s ESG Team have been providing advisory to Blancco Technology Group since 2020, when the Group first established its approach to ESG. The team has now produced four annual ESG reports for Blancco. Each year we have increased the sophistication of the disclosure, advanced the design of the report, and continued to build on the positive impact story. The effectiveness of this approach has been recognised, as last year’s award-winning report saw the business upgraded to an ‘AA’ rating by MSCI ESG Ratings. 

The report once again aligns to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), as well as reporting financially material information as established by the Sustainability Accounting Standards Board (SASB). We also worked with the business to create a Social Strategy, both to illustrate the progress made and to set objectives for the coming year.

“I have worked with Buchanan’s ESG Team since 2020 when they first presented us with a clear strategy for managing ESG internally and communicating our impact externally. We wanted to embed ESG into our business and welcomed the opportunity to work collaboratively with such a dynamic agency to achieve this. Over the course of the last four years we have built a great relationship with team, and they have supported us at Blancco to navigate the ever-evolving ESG environment. They have increased the sophistication of our ESG disclosure with each of our reports, ensuring we are ahead of the curve on both regulatory requirements and the expectations of our shareholders. The work Buchanan have done in capturing our ESG approach and performance and communicating this to the capital markets has enabled us to win several ESG reporting awards and to be upgraded to an ‘AA’ rating on MSCI.”
by Adam Moloney, Chief Financial Officer, Blancco

View the report here

Norge Mining is a private mining company exploring Critical Raw Materials in Norway, including phosphate, vanadium, and titanium. Despite its early stage of development, Norge Mining was keen from the outset to ensure that its operations embedded the responsible business practices expected by stakeholders, against the backdrop of the EU Green Deal and Taxonomy which would be a natural target market.

For a third year running, Buchanan supported Norge Mining in the development of its latest Responsible Business Report, crafting all content and creative delivery to capture the sustainability story at the heart of its operations. The company’s disclosure highlights its commitment to establishing a low-carbon mining operation and the how its resources can help support global energy security and transition.

These credentials are underpinned by Norway’s energy grid that is powered by renewables, and the consideration of circularity through vertical integration by exploring the possibility of downstream processing, carbon sequestration, and hydrogen by-products as part of their pre-feasibility study. While their plans are still in development, emissions reduction and responsible waste management objectives are shaping their commercial strategies.

The dual language report produced in both English and Norwegian is benchmarked against the Global Reporting Initiative and demonstrates Norge Mining’s commitment to transparency throughout their operations, facilitating engagement with diverse audiences, spanning from local communities to national and international stakeholders. Buchanan is also retained as a specialist advisory member of their ESG Working Group and attendee of ESG Committee meetings.

View the report here

Buchanan’s ESG and Design Teams were engaged by The Rank Group plc once again to produce their annual Sustainability Report. As Buchanan provides ongoing ESG advisory to the business, the team were well placed to develop a report that demonstrates the progress the business has made in each of its four focus areas: Customers, Colleagues, Environment and Communities. Of particular focus this year has been the steps taken by Rank on its Net Zero pathway, which was spotlighted in the report and supported by more detailed disclosure against the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

The report’s design aligns with Rank’s other communications, reflecting how ESG is integrated across the business, whilst also being a visually distinct document that emphasises the Group’s purpose ‘to excite and to entertain’.

View the report here

Hunting plc’s Capital Markets Day at LSE

Hunting plc (Hunting) is a leading precision engineering services company in the oil & gas and wider energy and manufacturing sectors with a truly global presence. The Buchanan Energy team worked closely with Hunting to help define and position Hunting’s investment case ahead of the CMD held at the London Stock Exchange, highlighting robust financial results and an exciting forward outlook with a strong platform for growth in the energy transition.

During the event, Hunting’s executive management presented the Hunting 2030 Strategy, outlining the Company’s ambitions to expand in traditional energy, non-oil and gas markets like defence, medical and commercial space, and energy transition.

Watch the event here

Buchanan was delighted to join the 10th anniversary celebration of Bluefield Solar Income Fund (LON:BSIF) being listed on the London Stock Exchange. During its decade on the market, the FTSE250 company has witnessed the extraordinary transformation of the renewable infrastructure investment company sector as a whole, and itself now operates an 812MWp UK portfolio.

BSIF is a UK income fund focused, primarily, on acquiring and managing UK-based solar energy assets. As the first solar PV focused investment company to list on the Main Market of the London Stock Exchange, the IPO in 2013 represented a pioneering step in the investment company sector, and the Company has since expanded into the additional renewable sectors of onshore wind and battery storage technologies. BSIF was promoted to the FTSE250 index in September 2022, reflecting the Company’s significant growth over recent years.

Last week, two members of Buchanan’s energy team, Ben Romney (Partner and Head of Energy) and George Pope (Analyst), attended a site visit hosted by Beacon Energy at its flagship Erfelden development onshore, Southwest Germany. The purpose of the visit was to provide analysts and advisors in the sector with a detailed overview and tour of the SCH-2 drilling site, located adjacent to the Schwarzbach Production Facility. 

The timing of the site visit coincided with the ongoing drilling activities for the second development well, SCH-2, having spudded just a few days prior on the 19TH of June, the fully crewed rig, contracted from RED Drilling Services, is expected to take approximately 25 days and drill to a depth of 2,255m. By the end of July, Beacon Energy hopes to assess the success of the well in a 12-day testing period, once completed the SCH-2 well will be tied into the exciting Schwarzbach Facility before coming online as a producer.

Buchanan’s Energy team has been actively involved in advising Beacon Energy on their market-facing communications during their rebranding and Reverse Takeover (RTO) process, which enabled their relisting on the AIM market. Buchanan was delighted to take a group of analysts out to visit the site of Beacon Energy. During the visit, the attendees saw the critical SCH-2 well drilling, which has the potential to be transformative for Beacon in the success case. The Company’s investment story is highly topical given its role in Germany’s Energy Security. The well has generated significant local media traction following the Company’s efforts to demonstrate strong community and wider stakeholder engagement.

Read more here.

Ben and George thank their hosts Beacon Energy and their subsidiary, Rhein Petroleum GmbH, for their hospitality and for granting them the opportunity to gain a deeper understanding of the onsite operations.

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