Elliott Prepares Over $1 Billion to Invest in Metals Mining Assets ...Middle East

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Elliott Prepares Over $1 Billion to Invest in Metals Mining Assets
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Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take advantage of the energy transition and the currently low market valuations of mining companies, the Financial Times reported on Friday, citing sources with knowledge of the plans. Elliott, the U.S. activist investor, will be looking to invest more than $1 billion in mining operations, especially underfinanced mines, as well as to carry out possible buyouts of public companies…

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