Junior Mining Programme (JUMP)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Junior Mining Programme (JUMP) is a € 150 million dedicated EBRD framework facility for equity and quasi-equity investments in early-stage mining companies in the EBRD's countries of operations. It focuses on small and medium-sized mining companies under-serviced by the limited depth of equity capital markets and private equity in the EBRD region. Investments under JUMP will primarily target the development of deposits where critical or strategic raw materials for green and digital transition are present as part of the product mix. Other raw materials such as base metals, precious metals, etc. will be financed on a selective basis to support wider economic development.

Project ID 55089

Status Approved

Location

Regional

Business Sector

Natural Resources

Notice Type

Private

Sub-projects

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Tetiana Dzhumurat
jump@ebrd.com
+44 207 338 6000
http://www.ebrd.com
5 Bank St, London E14 4BG, United Kingdom

Project ID 55089

Status Approved

Location

Regional

Business Sector

Natural Resources

Notice Type

Private

Approval Date

24 Jul 2024

Disclosure date

10 Jun 2024

Project Description

Project Objectives

JUMP's objectives are fully aligned with the international efforts to secure access to critical and strategic raw materials, which have been identified as a bottleneck to the realisation of the global transition to a low-carbon economy and the rollout of zero-emission mobility and renewable energy. JUMP aims to address the financing gap in the EBRD's region and helping to create responsible and well governed mining projects by engaging early to promote the highest ESG standards on projects from the outset.

Transition Impact

ETI score:60

estments under JUMP primarily target the Well-governed transition quality by promoting better governance on both sub-projects and national levels. As a secondary objective, projects under JUMP can target either (i) Green transition quality via supporting mining for climate action; or (ii) Inclusive transition quality via promoting inclusive business policies and practices.

Client Information

JUMP will target publicly listed or privately owned, small and medium-sized mining companies in the EBRD countries of operations. JUMP clients may also include joint ventures with state-owned entities where the project is operated by a private company.

EBRD Finance Summary

EUR 150,000,000.00

A variety of equity (preferred and/or ordinary) and quasi-equity instruments may be used for investments under the Framework.

Total Project Cost

EUR 150,000,000.00

Additionality

Additionallity is expected to stem from: (i) equity and private equity; (ii) risk mitigation; and (iii) standard-setting: helping projects and clients achieve higher standards.

Technical Cooperation and Grant Financing

€ 210,000 from the Shareholder Special Fund is provided for Advisory Committee costs.

Company Contact Information

Tetiana Dzhumurat
jump@ebrd.com
+44 207 338 6000
http://www.ebrd.com
5 Bank St, London E14 4BG, United Kingdom

PSD Last Updated

11 Feb 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Junior Mining Programme (JUMP)

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Junior Mining Programme (JUMP)

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)