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Friedland's HPX raises $200M for iron ore play

Robert Friedland’s private iron ore exploration play High Power Exploration (HPX) has raised US$200 million to develop its Nimba iron ore project in Guinea.

 Friedland's HPX raises $200M for iron ore play  Friedland's HPX raises $200M for iron ore play  Friedland's HPX raises $200M for iron ore play  Friedland's HPX raises $200M for iron ore play  Friedland's HPX raises $200M for iron ore play

HPX acquired the Nimba iron ore project in Guinea in 2019

The recent equity raising saw new institutional investors from the US and Canada back HPX's iron ore play, which has an initial target output of 15 million tonnes per annum - higher than the 1-5Mtpa