Here is some information on this fund and the players behind it.
About CMU and China Mining United Fund:
China Mineral United Management Limited is an affiliate of China Mining United Investment Co., Ltd. and the China Mining United Fund (the "Fund"). The Fund was established in May 2009 with initial capital of 500 million Renminbi (US $73 million) and was approved by the National Development and Reform Commission of the People's Republic of China. It is among the first funds to be registered by the State Administration for Industry and Commerce with a mandate to seek foreign and domestic investments in the resource sector.
Founded by approximately 300 mining entrepreneurs in China, the Fund seeks investment opportunities in resource projects internationally and will also engage in providing credit guarantees and short-term loans to resource companies. The Fund seeks to raise an additional 9.5 billion RMB (US $1.4 billion) to fulfill its investment mandate in the natural resources industry on the global basis.
The Fund is chaired by Mr. Zheng Zhi, the founder of the Zhengda Group, and its senior management team includes the former General Engineer of China's Smelting Metal Department; the former General Engineer of BHP's mining exploration company and senior geological consultant to the World Bank; and the former Chief Representative of Ivanhoe Mines in China, amongst others.
Nice to get in early! This group along with the other contacts that TTM made in China will pretty be all that we will need. Here is a copy of an email from Crichy I got some time ago. " Patience is a virtue and good things happen to those who have just a little patience. C
BBOB
