More than 500 staff and contractors are employed at Kestrel. This underground mine commenced operations in 2012 and produces copper concentrate. Australian private equity firm EMR Capital plans to acquire Vale and African Rainbow Minerals’ (ARM) stake in the Lubambe copper mine in Zambia. All options remain on the table; the assets potentially being sold individually, but there is also scope for them to be bundled up into a single venture would could be floated on the ASX via an IPO. The Democrats' lead is growing in the other race, which is still too close to call. Sources say the challenger bank is set to successfully wrap up a $200 million capital raising. EMR Capital, together with Golden Energy and Resources, acquired 100% of Ravenswood on 1 April 2020. HotCopper has news, discussion, prices and market data on EMERALD RESOURCES NL. Why we like copper Long term demand fundamentals are strong Source: ICSG, EMR Capital estimates 0 10 20 30 40 50 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 (Mt) Copper demand to double in 30 years assuming 2.5% growth EMR Capital Group Chief Executive Officer Jason Chang says the mining giant has invested 100 million U.S Dollars in taking over operations at the mine. The CEOs of our portfolio companies are executives who have worked with or are well known to the EMR team over many years. They've been one of Australia's most acquisitive mining investors of recent years, and now EMR Capital is sharpening its selling skills. Equity capital markets teams are swarming EMR Capital, which is led by former OZ Minerals boss Owen Hegarty (pictured) and former KPMG partner Jason Chang, Photo: Bloomberg. EMR has closed its second private equity fund, EMR Capital Resources Fund II at $860 million. EMR Capital operates out of offices in Hong Kong, Melbourne and Cayman Islands. Join to Connect EMR Capital. Scott Morrison will convene national cabinet on Friday to discuss stronger protections against the highly infectious UK variant; WA is investigating a possible PPE breach after a paramedic was infected. In 2017, it produced 65,000 tonnes of copper cathode. EMR Capital acquired 100% of Golden Grove on 28 February 2017. The red metal is also expected to enjoy rising demand, given its role as a conductor in countless devices. Owen Hegarty Chairman. EMR Capital and Lighthouse Mins get together to buy Editya Birla’s Queensland copper mine. The growth private equity firm has emerged as a lead contender to acquire AUB Group’s stake in allied health business Altius Group.Â. ... produced 38,128 tonnes of zinc and 12,194 tonnes of copper … The Capricorn Copper mine is located approximately 125km by road northwest of Mt Isa in Queensland, Australia. PE firm EMR Capital completes acquisition of 80% stake in Zambia copper mine December 28, 2017 09:53 December 28, 2017 Australian resources specialist private equity firm EMR Capital has completed the acquisition of an 80 per cent controlling stake in Zambia copper mine Lubambe from African Rainbow Minerals (ARM) and Vale International for $97.10 million. EMR Capital, an Australian mining giant has taken over operations at Lubambe Copper Mine in Chililabombwe. The Lubambe Copper Mine is located in the Zambian Copperbelt, one of the major copper belts in the world, approximately 38km from the town of Chingola. Crystal Peak Minerals Sevier Playa Project is located in southwestern Utah, USA, approximately 225 kilometres southwest of Salt Lake City connected by highway. Incoming US president Joe Biden's bid to seize control of the US Congress was gaining momentum on Wednesday night, with Georgia's nail-biting Senate elections set to determine if can legislate his agenda of corporate tax rises and climate change action. The Highfield team, led by Peter Albert (former CEO of Martabe gold and silver mine), is currently progressing the development of the project which will produce Muriate of Potash (MOP) on completion. Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday. Global private equity firm TPG Capital is set to acquire Australian bowling alleys and mini golf company Funlab. A conceptual mine study completed for Cutters Project contemplates the re-start given updated resources and potential for resource expansion. EMR Capital, together with the management team, became the owner of 100% of the mine in 2015. Join the HotCopper ASX share market forum today for free. Highfield Resources��� Muga project is located in northern Spain, in the Ebro potash producing basin. EMR acquired its interest in Highfield over a period of time from 2014. EMR acquired a controlling interest in Redhill in 2014. Follow updates here. Lubambe Copper Mine, majority-owned by Australia's EMR Capital , is talking to the Zambian government to seek concessions, including a tax break, to develop a new $1 billion copper … During EMR Capital���s ownership, over 2,500 staff and contractors were employed as part of the Martabe operation, 98% of whom were from Indonesia and 74% from the local communities, gold production increased from ~300koz to ~410koz and EBITDA from ~US$240m to ~US$375m. The mine has a rich history, with the underground mine recommencing operations in 2017. The 80 percent indirect interest in Lubambe Mine, held equally by ARM and Vale International includes the equity holding in Lubambe Mine as well […] Operational Experience Extensive operational experience and expertise in all stages of the mining life cycle – exploration, development, mining operations, ramp up and expansion. Follow updates here. EMR acquired a controlling interest in West Cumbria Mining on 3 June 2014. Australian private equity firm EMR Capital plans to acquire Vale and African Rainbow Minerals’ (ARM) stake in the Lubambe copper mine in Zambia. West Cumbria Mining is currently developing its metallurgical coal project, which will be known as Woodhouse Colliery, a new underground mine located near Whitehaven in the United Kingdom. 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March 19, 2019. EMR Capital acquired Martabe on 17 March 2016 and exited on 3 December 2018. EMR Capital | A specialist resources private equity manager We are a specialist resources private equity manager with extensive operational experience and a proven track record in successful mining operations, development, investment and with deep linkages in the Asian and global markets. Talks kicked off with a dinner on Monday night which was attended by some listed institutional investors and will continue this week. It bought copper zinc mine Golden Grove from MMG (HK: 1208) in December. Report this profile Articles by Peter Farewell Message By Peter Albert. Lubambe Copper Mine, majority-owned by Australia's EMR Capital, is talking to the Zambian government to seek concessions, including a tax break, to develop a new $1 billion copper mine, the company said on Friday. Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday. EMR Capital sees a long-term future in Chile, managing director Jason Chang says, after the group added a third copper operation in 18 months … Capricorn Copper Holdings Pty Ltd is an incorporated joint venture owned by EMR Capital and Lighthouse Minerals Pty Ltd. EMR Capital is a specialist resource private equity fund and comprises a team with extensive technical, development and operational experience. The Golden Grove mine is located approximately 450 kilometres north east of Perth in Western Australia and is connected by daily 45 minute flights from Perth directly onto the mine site. These are the commodities that have the strongest macro outlook and which the EMR team has a proven track record and considerable experience in. Some of the investments owned and operated by EMR. If infrastructure investors are buying businesses with government bus contracts, why not jump into contract-backed waste management groups?Â. EMR, which hopes to extend Cerro Colorado’s minelife to several decades, sees copper demand increasing in the coming years as more of the metal is needed in electric cars and renewable energy technology. Australia-based private equity firm EMR Capital has acquired an 80% interest in Zambia's Lubambe copper mine for $97.1m. EMR Capital is led by former OZ Minerals boss Owen Hegarty and former KPMG partner Jason Chang, Sign up to the Street Talk First Look newsletter. The Capricorn Copper mine is located approximately 125km by road northwest of Mt Isa in Queensland, Australia. The acquired interest was jointly held by Vale International and African Rainbow Minerals (ARM). In 2018, it also considered an acquisition of the Cerro Colorado copper mine in Chile, but did not proceed with the transaction. EMR Capital, the natural resources private equity firm, is exploring a sale of its Capricorn copper mine in Australia after receiving interest in the asset, people with knowledge of the matter said. Reuters reported that Private equity house EMR Capital has purchased an 80% stake in a Zambian copper mine from African Rainbow Minerals and its partner for USD 97.10 million. Kestrel commenced production in 1992 and in 2018, under the previous owner, produced 5.7Mt of hard coking coal (run-of-mine). EMR Capital, together with the management team, became the owner of 100% of the mine in 2015. We focus on four core commodities being copper, gold, hard coking coal and potash. Australia’s EMR Capital owned Lubambe Copper Mine, has pledged a US$500million construction capital injection next year which will allow the underground operation access 7-million metric tons of red metal. "EMR will continue to focus on copper, gold, potash and coking coal acquisition opportunities globally," it said. 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