MJ COMMENT

Qatari exit not the start of a trend

News that the Qatar Investment Authority (QIA) has decided not to grow QKR any further may result in calls by some market watchers that the “wall of PE money” heading for the mining sector could go away before it has even been spent.

Upon its creation a couple of years back, QKR was to be led by former JP Morgan chairman of metals & mining Lloyd Pengilly, and bankrolled by QIA and Poland’s richest man, Jan Kulczyk. Kulczyk is said...

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