Reuters - Trafigura Eyes $600M Target for Mining Fund
Galena, the fund arm of commodities giant Trafigura, said on Thursday it had launched a private equity fund for investing in small to mid-sized miners, filling a void left by banks, Reuters reported. The fund, which has so far raised $275 million, aims to grow to $600 million by year end when it will close to investors, Galena said in a statement. Banks are more wary about the junior mining market due to the fallout from the European debt crisis and new rules designed to shore up balance sheets.
10 January 2013•2 mins read
