CAPITAL MARKETS

Appian leads London PE charge

Rising commodity prices and the promise of a stimulus-led recovery in the West have boosted interest in mining equities, and an over-subscribed US$775 million raise by London-based investment firm Appian Capital suggests private equity is making a return to the sector after a six-year hiatus.

 Roxgold's plant at its Yaramoko mine in Burkina Faso. Appian is an investor in Roxgold

Roxgold's plant at its Yaramoko mine in Burkina Faso. Appian is an investor in Roxgold

The close of Appian's second fund follows an initial $375 million raise in 2014. The firm's new pool of capital is already 40% deployed, and will be split out with 20% into mineral sands and the balance...

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