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EXIT: Appian completes sale of MVV to Baiyin Nonferrous for US$420 million

By Uncategorised
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…
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INSIGHTS | Solving the talent challenge in mining requires doing mining the right way

By Insights
The mining sector is not new to challenges around attracting and retaining talent. The numbers on the talent squeeze are so startling that it seems surprising to find that the issues around attracting, retaining and training future talent, while often talked about, is ranked comparatively low or not at all as a main business risk for mining companies. The question lends itself how the industry got here and what can be done to change it. As it is perhaps no understatement that the approach mining companies will take to talent management will determine their future trajectory.
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