Denham invests Trans-Tasman
Leading US specialist mining, energy and commodities investor Denham Capital Management has committed an unconfirmed amount for a 48% stake in New Zealand's Trans-Tasman Resources Ltd (TTR), a company focused on developing seabed iron sands deposits off New Zealand's North Island.
Although TTR cited possible investment of up to $1 billion over five to six years, Denham typically invests $50-250 million per deal, and the transaction amount is probably in this range. TTR has exclusive...
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