Investment Summary

Metro Mining Invests In Cape Alumina

On March 27, 2014, Metro Mining invested in metals/mining company Cape Alumina from Resource Capital Funds

Investment Highlights
  • This is Metro Mining’s 1st transaction in the Metals/Mining sector.
  • This is Metro Mining’s 1st transaction in Australia.

Investment Summary

Date 2014-03-27
Target Cape Alumina
Sector Metals/Mining
Investor(s) Metro Mining
Sellers(s) Resource Capital Funds
Deal Type Stake Purchase

Target

Cape Alumina

Brisbane, Australia
Cape Alumina Ltd. is a pure-play bauxite company. The company controls approximately 1,900 square kilometers of exploration tenements in western Cape York.

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Investor(S) 1

Investor

Metro Mining

Brisbane, Australia

Category Company
Founded 2006
Sector Oil/Gas Exploration
Revenue 388M AUD (2024)
DESCRIPTION

Metro Mining is a coal company focused on thermal coal projects in the Surat Basin region of South East Queensland. MetroCoal's vision is to build a substantial cleaner energy and coal business based primarily on export thermal coal from underground mining and where possible, open cut mining. Metro Mining was founded in 2006 and is based in Brisbane, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Resource Capital Funds

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Resource Capital Funds is a private equity firm that targets investments in mining companies across a diversified range of commodities and geographies. The Firm will consider funding development stage opportunities, as well as buyouts of operating assets and distressed situations. Resource can commit as little as $2 million and as much as $75 million per transaction. Resource Capital was formed in 1998 and has offices in Denver, Colorado, and Perth, Australia.


DEAL STATS #
Overall 1 of 6
Sector: Metals/Mining M&A 1 of 5
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 First Nickel

Toronto, Ontario, Canada

First Nickel is focused on restarting operations at the past-producing Lockerby mine, a high-grade underground nickel/copper mine located in the Sudbury district in Ontario. The first production is expected in late 2011 and, once in full production, the Lockerby mine is expected to produce 10 million pounds of nickel and 7 million pounds of copper annually. First Nickel was founded in 2003 and is based in Toronto, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Molycorp

Greenwood Village, Colorado, United States

Molycorp, Inc. is a mining company that produces and sells rare earth and rare metal materials. The company filed for bankruptcy in June 2015.

Sell -