Announced
Completed
Financials
Tags
Private Equity
General Mining
Single Bidder
mining
Completed
Private
Friendly
Cross Border
Acquisition
Brazil
Minority
Synopsis
Private equity firms Energy and Minerals Group and Vision Blue Resources completed a $150m investment in Denham Capital-backed Serra Verde, a mining company. “This is a compelling opportunity to both enable the sustainable energy transition and provide a new source of large scale production of both heavy and light rare earth elements outside Asia, which are utilized today in the manufacturing of 90% of all permanent magnets. Robust growth in demand for these rare earths, driven by renewable energy applications and a desire for alternative sources of supply, inform our view of a very positive outlook for the Serra Verde product," Mick Davis, VBR CEO.
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