Sprott and Zijin Mining get $500 mln global mining fund underway
Toronto-based alternative assets manager Sprott Inc (TSX: SII) has launched its previously announced offshore global mining fund in partnership with Zijin Mining Group Co Ltd. The US$500 million fund, which has been seeded with US$110 million by its partners, has achieved regulatory approvals in both Canada and China. Sprott anticipates receiving commitments from Chinese investors beginning in the fourth quarter of 2013. Sprott subsidiary Sprott Resource Corp makes investments in mining and other resource sectors.
27 September 2013•3 mins read
