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Investment Summary

Denham Capital Invests In Trans-Tasman Resources

On April 12, 2010, private equity firm Denham Capital invested in metals/mining company Trans-Tasman Resources

Investment Highlights
  • This is Denham Capital’s 3rd transaction in the Metals/Mining sector.
  • This is Denham Capital’s 1st transaction in New Zealand.

Investment Summary
Date 2010-04-12
Target Trans-Tasman Resources
Sector Metals/Mining
Investor(s) Denham Capital
Deal Type Stake Purchase

Target

Trans-Tasman Resources

Wellington, New Zealand
TTR explores and develops deposits of iron sands off the North Island of New Zealand. The company has exclusive mineral rights to over 6,319 km2 of seabed, which its initial prospecting suggests could contain a large and low cost iron ore resource. TTR is considering dredge mining the iron sands, for further processing in an offshore beneficiation plant. The material would then either be slurried to a capesize vessel for shipment to Asia or shuttled to a local onshore steel mill. Early technical and economic models suggest that the envisaged mining operation would be very low cost and much less capital-intensive than comparable land-based operations. TTR is committed to conducting all its activities in a safe and environmentally sustainable manner and to engaging proactively with local communities and authorities with respect to all relevant economic, environmental and social issues.

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Investor(S) 1

Investor

Denham Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 9.7B USD
Size Mega
Type Sector Focused
DESCRIPTION

Denham Capital Management is a specialist private investment firm focused on the energy and commodities sectors. Denham looks to invest in businesses and assets involving natural resources, metals and mining, power and utilities, and energy-related infrastructure and services. Denham will consider investments worldwide, with current projects in the US, Canada, South America, Europe, and Asia. Denham will also consider both development projects as well as mature, operating businesses. The Firm's target investment size is $50 to $200 million. Denham Capital Management was founded in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 17 of 46
Sector: Metals/Mining M&A 3 of 6
Type: Stake Purchase M&A Deals 10 of 14
Country: New Zealand M&A 1 of 1
Year: 2010 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-06 Trinity Coal

Scott Depot, West Virginia, United States

Trinity is a growth-oriented coal producer in the Central Appalachian coal basin, operating a variety of surface and underground mines in southern West Virginia and eastern Kentucky. Trinity sells both steam and metallurgical coal to electric utilities, steel manufacturers, coal brokers, and other buyers primarily in the eastern United States.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Galveston LNG

Calgary, Alberta, Canada

Galveston LNG is a privately owned Canadian energy development company. Galveston is focused on international opportunities within the LNG industry and is currently developing an LNG liquefaction export facility at Kitimat, British Columbia. The Galveston companies create a synergistic approach to originating, trading, storing, liquefying, and exporting of LNG for proprietary projects and for third parties worldwide.

Sell -
Mergr

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