Australian private equity and a $860m boost in mining

EMR Capital, the Australia private equity firm, has announced that it has raised around $860m as it looks for more investments in copper, gold, potash and coking coal across Australia.

The fund, which is the second round of fundraising, follows on from the company’s first fund which raised around $450m last year.

The company has a keen eye on copper assets following an increased demand for the metal in China and India, and Chief Executive Jason Change admits the company is keeping its options open.

“We love Australia. Anything in copper in Australia we'd like to look at. So, we're looking at a range of different things," he told Reuters.

“I think investors agree with us that there's a universe of interesting opportunities that we're seeing across all four commodities."

EMR has identified a number of assets, such as Glencore PLc’s Cobar copper mine following the previous investments in Martabe gold mine in Indonesia, coking coal mine in Britain, copper mine in Australia and Chile and potash projects in both Spain and the United States.

What is EMR Capital?

EMR Capital is an Australian specialist resources private equity company with the goal of creating superior returns to stakeholders through Successful resources exploration, Deep linkages to Asian markets and Private equity investment management.

The company has offices in Melbourne, Sydney, Cayman Island as well as networks and links across the globe.

EMR Capital was founded by Owen Hegarty, who has a long industrious history in the mining industry with Rio Tinto Asia and Australian Copper (Managing Director from 1989 – 1994), founder of Oxiana Limited. He is also Vice Chairman of Fortescue Metals Group.

Hegarty is also a Fellow and Former Director of the Australasian Institute of Mining and Metallurgy (AusIMM), a Fellow of the Australian Institute of Company Directors and has been awarded the AusIMM Medal and the GJ Stokes Memorial Award for his distinguished service to the mining industry.

And breathe.

He’s not the only one. The EMR Capital Board is bursting with experienced men and women from across the mining industry. You can find out more about them here.

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