Terra Nexus has signed a memorandum of understanding with Sinohydro Bureau 6 Co., Ltd. for collaborative mining efforts in West Africa.
Overview of the Partnership
Terra Nexus Project Management Service CO.L.L.C, based in Dubai, has entered into a memorandum of understanding with Sinohydro, a Chinese state-owned infrastructure company. This agreement aims to collaborate in several areas:
1. Exploration and mining of diamonds, gold, and rare metal mines in West Africa. 2. Infrastructure development (roads and utilities) and creating job opportunities in mining areas. 3. Building logistics for processing, storage, transportation, and export of ores. 4. Providing underlying assets for WFCA linked to the mining business.
What is WFCA?
WFCA (World Friendship Cash Asset) is a digital token backed by real mineral resources, issued and managed by Terra Nexus.
- Phase 1: Natural diamonds - Phase 2: Rare metals including gold, platinum, lithium, and nickel - Not covered: Strategic resources (e.g., uranium, copper, and iron ores) - Technical platforms: Ethereum and ZK-Rollups for real-time asset tracking - Primary applications: Asset protection, international settlements, inflation hedging, financial instruments (trusts and securities), etc.
The goal of this project is to establish a financial infrastructure visualizing real values.
Future Prospects
Future plans include:
- Incremental development of the joint mining project with Sinohydro (starting with diamonds). - Phased issuance and circulation of WFCA tokens based on mining performance. - Creation of a new credit system in areas with limited financial access. - Establishment of a transparent asset verification system based on blockchains. - Development of a new model for connecting local economies and global investors.
The agreement between Terra Nexus and Sinohydro opens new opportunities for developing the mining industry in West Africa and the introduction of WFCA tokens, which could impact the economic development of the region.
