Two former executives from Glencore (LON: GLEN) and Lundin Gold (TSX: LUG) have launched Moranda Metals, a private mining shell company focused on acquiring gold, silver, and copper assets across the Americas.
The Vancouver, Canada-based venture seeks to capitalize on an estimated $15 billion in available capital held by specialist private equity firms, according to co-founder and chief executive officer Christopher Kololian, who was Lundin Gold CFO until August 2024.
“Here we are sitting with high commodity prices and, at the same time, all-time high public market investor apathy towards the mining sector,” Kololian told Reuters. “And then we see there’s approximately, if not over, $15 billion of dry powder, so readily available capital today.”
The estimated figure for potential investment includes funds held by mining-focused private equity firms and other specialized mining financing…
