Private equity investment / 03

Mining & Commodities

Natural resources underpin industrial development, and trade brings their value into use. In mining and commodities, we seek a lasting balance between development, utilisation and responsibility, connecting resource endowments with the world’s needs.

Discuss an opportunity

Sector investment thesis

Responsible resources. Enduring industry.

Mining and commodities investments require resource fundamentals, development conditions and downstream demand to be assessed within one value chain. Asset quality and cost position matter alongside commodity cycles, logistics and capital tied up in operations.

Areas of interest

Identify opportunities across the value chain

Mining and resource assets

Assess asset value through resource quality, ownership, development stage and supporting infrastructure.

Processing and industrial services

Consider the processing capabilities, technology and industrial services required to turn resources into products that meet customer specifications.

Commodity value chains

Consider businesses in production, storage, logistics and distribution, examining how they earn revenue and bear risk.

Due diligence priorities

Enduring value begins with sound judgment

Resources and ownership

Technical documentation, resource verification, asset interests, mineral rights and key agreements.

Costs and development

Development capital, production costs, recovery rates, and access to energy and water.

Sales and distribution

Product specifications, customers and offtake arrangements, transport routes and settlement cycles.

Cycles and responsibilities

Price sensitivity, working capital, environmental and community matters, and local requirements.

Value creation

Where purpose takes shape

Resource value is realised through responsible development and productive use. We focus on costs, logistics, working capital and customer relationships, aligning business development with demand and giving due consideration to long-term relationships with the environment and communities.

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