Brazil
News

Brazil private equity firm plans to step up mining acquisitions

Bnamericas Published: Tuesday, September 13, 2022
Brazil private equity firm plans to step up mining acquisitions

Brazilian private equity firm Ore Investments seeks to acquire more assets using its own cash, while is also planning to set up a new fund.

"We have already disbursed and committed 100mn reais (US$19.2mn), and we have another 200mn reais available to make new investments in the sector," CEO Mauro Barros (pictured) told BNamericas.

"We have gold, copper, graphite, titanium, vanadium and lithium assets in our portfolio. We now want to increase [it] with more gold and copper, nickel, zinc and phosphate assets," he added, underlining the company may conclude an investment in a new asset this year and plans to conclude up to six acquisitions in 2023.

Ore Investments was founded by former executives of Belo Sun, Vale and ArcelorMittal, among others.

To boost investments, the company also wants to launch a second fund.

"We are thinking about a second fund to be launched in 2024, with resources of between US$100mn and US$150mn. This second fund will be used to look at assets in other South American countries, such as Peru, Chile and Argentina, in addition to continuing to evaluate opportunities in Brazil," said Barros.

According to the executive, Ore Investments is looking for early-stage and smaller assets in the construction phase.

Barros remains optimistic, despite increasing political risk in the mining sector.

"South America continues to be a very important region for global mining, with large volumes of reserves. Regardless of the government models we have in the countries across the region, this sector will continue to generate business opportunities," added Barros.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Borborema
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: Pedra Branca
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: Itaituba
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: Liberdade
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: Lavra Velha
  • Current stage: Blurred
  • Updated: 6 months ago

Other companies in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: LOTS Group Latin America
  • LOTS Group is an international logistics and technology company born in Sweden. Its subsidiary for Latin America has an office in São Paulo, Brazil and one in Santiago, Chile. P...
  • Company: Umicore Brasil Ltda.  (Umicore Brasil)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Cedro Mineração Ltda.  (Cedro Mineração)
  • Cedro Mineração is a Brazilian mining company specialized in the extraction, processing and commercialization of iron ore. Cedro was founded in 2018 and in 2020 it acquired the ...
  • Company: Brazil Iron Ltd.  (Brazil Iron Mineração)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...