• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 3 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 2 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 23 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 15 hours Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 21 hours A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 2 days Pollster Frank Luntz released a poll today showing 90% of those that voted for Trump in November would vote for him again.
  • 3 hours Researchers Are Harvesting Precious Metals From Industrial Waste
  • 20 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 2 days Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 2 days a In 2020, we produced and delivered half a million cars.
  • 2 days Trump Supporters Just Handed a Huge Propaganda Victory to China
  • 2 days ICE Engines Hear to Stay Regardless of War Against
  • 2 days Minerals, Mining and Industrial Ecology
Another OPEC Producer Looks To Back The Aramco IPO

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

This Supermajor Is Leading The Energy Sector

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Here's A $1 Billion Bet That Copper Has Hit A Bottom

For the last few months it's seemed like few investors wanted to touch natural resources.

But now a flurry of activity appears to be emerging in the sector.

I noted last week how resource-focused private equity groups have been quietly amassing tens of billions in new funds. And this week, news suggests that such funds may be about to step into the copper market. Related: The Price Of ‘C’ In China

That news came in key copper-producing nation Chile. Where local press reported that investment funds have agreed to buy the Mantoverde and Mantos Blancos copper mines being sold by major miner Anglo American.

The price for the deal will reportedly be significant. Coming in at between $500 million and $1 billion.

The papers didn't name the particular groups involved in the sale. But did note that an "English investment fund" would be the buyer of the two mines. Related: Bullish Bets On Oil Go Sour

Interestingly, Reuters reported in June that British investment firm Audley Capital had been amongst the first round of bidders for the projects.

Whatever the identity of the buyer, the deal would be very significant for the mining sector. Representing one of the largest deployments of capital from the private equity sector into the industry during the recent downturn.

If the purchase does indeed materialize, it would be a confirmation that private equity is becoming a driving force in resource investment. Related: Congress To Lift Oil Export Ban Next Month?

That fact would be very encouraging for project developers. Signaling that money is still out there -- and a lot of it -- for mining projects. The key being that investments now have to fit the scale and specs being sought by billion-dollar funds globally.

Here's to a copper lining,

Dave Forest

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News