Private Equity in the Market

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helo4

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Private Equity in the Market

posted on Nov 21, 2014 10:58AM

http://business.financialpost.com/2014/11/20/nevsun-resources-stock-leaps-on-talk-qatar-backed-qkr-is-close-to-1-billion-bid/

From article......Private equity funds, including those led by former Xstrata Plc Chief Executive Officer Mick Davis and ex-Barrick Gold Corp. CEO Aaron Regent, are hunting for assets as the world’s largest mining companies from BHP Billiton Ltd. to Rio Tinto Group divest operations to cut costs and smaller producers struggle to fund expansion.

and....QKR, funded by Qatar’s sovereign wealth fund and Poland’s richest man Jan Kulczyk, after its $110 million purchase of AngloGold Ashanti Ltd.’s Navachab mine in Namibia in July. It’s seeking assets close to production or from companies struggling to fund them.

My take on the article is there are groups that have the funds to invest, and IMO Albany is the investment of the future.