Investment Summary

Resource Capital Funds Invests In AIDD

On July 19, 2011, private equity firm Resource Capital Funds invested in metals/mining company AIDD

Investment Highlights
  • This is Resource Capital Funds’ 5th transaction in the Metals/Mining sector.
  • This is Resource Capital Funds’ 1st transaction in Mongolia.

Investment Summary

Date 2011-07-19
Target AIDD
Sector Metals/Mining
Investor(s) Resource Capital Funds
Deal Type Stake Purchase

Target

AIDD

Ulaanbaatar, Mongolia
AIDD is a mining services company, has taken delivery of the first of a current order of 3000 meter capacity exploration drilling rigs. AIDD Group signed a contract with Citation Mining Services earlier this year to supply 3 x 3000 meter capacity exploration diamond drilling rigs and 7 x large multipurpose exploration drilling rigs with capacity up to 2000 meters, two were delivered earlier this year and are currently working in Mongolia.

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Investor(S) 1

Investor

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 6 of 37
Sector: Metals/Mining M&A 5 of 29
Type: Stake Purchase M&A Deals 2 of 19
Country: Mongolia M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-26 AQM Copper

Toronto, Ontario, Canada

AQM Copper, Inc. is an advanced exploration-stage mining company focused on its 50% interest in the Zafranal copper / gold porphyry project in southwestern Peru. The company has completed an initial resource estimate on Zafranal, and is currently focused on completing preliminary engineering studies and drilling additional target zones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Atalaya Mining

Minas de Riotinto, Spain

Atalaya Mining is a mining company focused on restarting the historic Rio Tinto copper project in southern Spain. The company has completed a feasibility study on the restart of Rio Tinto, and is in the process of obtaining permits and project financing. In light of the project's long operating history, the restart is considered to have low technical risk. In addition to Rio Tinto, EMED also owns a Slovakian development project, which is estimated to contain more than one million ounces of gold. Atalaya Mining was founded in 2004 and is based in Minas de Riotinto, Spain.

Buy -