[miningmx.com] – THE further decline in metal prices would encourage investment in the sector by private equity firms which had so far held back from significant deal-making in the sector, said Bloomberg News citing Lloyd Pengilly.
Pengilly runs QKR, a private equity firm that last year bought the Navachab mine from AngloGold Ashanti for $110m. “We believe the opportunities are stronger now than they have been over the past couple of years, given the decline in commodity markets,’ Pengilly told Bloomberg News.
“Private equity firms have watched the market decline and would have adjusted their strategies according and will be looking to rifle-shot opportunities,’ he said.
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