Egyptian billionaire Naguib Sawiris has set up a $1.4bn fund to hold his gold mining investments and pursue new opportunities in the sector, which he says is need of consolidation.
The Luxembourg-based La Mancha Fund will be a “deep value, long-only fund” dedicated to gold mining and open to new investors, Sawiris said. The fund will also invest in battery metals needed for electric cars.
https://www.ft.com/content/5cc8e9a5-3c2a-40a0-b795-e526dbb31104
