Date:28/4/11,
Private Equity,
Halcyon Finance and Capital Advisors invests close to $200 million in mining space in two different transactions, along with a leading domestic mining company.
The mines acquired are in Goa and Karnataka, with total estimated iron ore reserves of around 115 million tonnes. When contacted, the company declined to name the partner or the mines acquired. Halcyon purchased rights for 20% of the reserves with an option to convert the same to an equivalent stake in the SPV, used to acquire the assets.
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