Tom De Nert

Highlights Funds advised by Appian have completed an all-cash transaction for the 100% sale of MVV to Baiyin Nonferrous for US$420 million Appian has executed its investment thesis and realized significant value for its investors by bringing MVV into production and delivering an attractive mid-scale copper-gold open pit mining operation from greenfield Acquired in 2018 with ten employees, MVV began production in May 2021, just three years after its initial investment MVV’s stable operations and strong financial performance have been achieved alongside a leading safety track record with zero Lost Time Incidents ("LTI") in the last three years, with over 1050 people now working on-site MVV will continue to deliver copper over multiple decades with its efficient operations that position the mine in the middle of the industry cost curve Appian’s funds remain well positioned with positive exposure to key trends, including the energy transition Appian Capital Advisory LLP (“Appian”), the investment advisor to long-term value-focused private capital funds that invest in companies in metals, mining, and adjacent industries, is pleased to announce the completion of the sale of Mineração Vale Verde (“MVV”) to Baiyin Nonferrous Group Co., Ltd (“Baiyin Nonferrous”) for an all-cash offer of US$420 million. The transaction…