https://www.miningweekly.com
Copper|Energy|Financial|Infrastructure|Mining|Renewable Energy|Renewable-Energy|Infrastructure
Copper|Energy|Financial|Infrastructure|Mining|Renewable Energy|Renewable-Energy|Infrastructure
copper|energy|financial|infrastructure|mining|renewable-energy|renewable-energy-company|infrastructure

Activist investor Elliott to target mining assets worth at least $1 billion

Sandeep Biswas

Sandeep Biswas

23rd February 2024

By: Reuters

  

Font size: - +

Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1-billion, as it seeks to take advantage of the depressed valuation of groups operating in the sector, people familiar with the matter said.

Elliott's new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals and commodities used in electric vehicles, the report said. The new venture will be led by former Newcrest Mining CEO Sandeep Biswas, it added.

The mining industry is a key focus for policymakers and investors globally because it provides the critical raw materials needed for electric vehicles and renewable energy infrastructure.

By 2035, demand for lithium, nickel and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period, a study by US ratings agency S&P showed last August.

The investment management firm is also willing to leverage the $65-billion that it has under management to go after larger deals if the opportunity arises, FT reported.

Elliott Management did not immediately respond to a Reuters request for comment.

Edited by Reuters

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (01/11/2024)
1st November 2024 By: Martin Creamer
Magazine round up | 01 November 2024
Magazine round up | 01 November 2024
1st November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.178 0.208s - 130pq - 4rq
Subscribe Now