Family Office

Middle East Family Office Signs Credit Deal With Mining, Resources Investment Group

Tom Burroughes Group Editor London 7 June 2016

Middle East Family Office Signs Credit Deal With Mining, Resources Investment Group

A mining and resources investment entity has signed a $100 million revolving credit facility with a family office in the Middle East.

Centaur Ventures, the mining and natural resources investment arm of global investment holding company Centaur Holdings, has signed a $100 million revolving credit facility with a UAE-based private family office.

The funds will be used to expand the mining and natural resources projects of Centaur Mining, predominantly in South Africa. Centaur’s Mining arm, which is based in South Africa, received reserve bank approval for ZAR1.5 billion (around $100 billion) for the funds to be deployed in South Africa, a statement from Centaur Ventures said.

The deal will see Centaur’s asset management arm serve as the advisor to Centaur Ventures. Centaur Ventures is based in Dubai, with additional offices in London, Hong Kong and Bermuda.

Centaur Ventures was established with a specific focus on investments in the mining and natural resources sectors in South Africa, the US, the UK and Australia.

 

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