In 2014, Private Equity firm Appian Capital closed its first fund, taking in $375m from over $1.2bn of interest, focusing on the metals and mining sector.
In just 4 years, Appian has already overseen five mines into production while seven out of eight Appian investments, spanning three continents and a range of commodities, will be in production within the next 18-24 months.
Appian also announced at the end of March the sale of one of its assets – Brazil’s Avanco Resources – in a deal worth $350m to Oz Minerals, which marks the Fund’s second successful exit.
Read full article on: MINING.com
