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Draft:Appian Capital Advisory

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  • Comment: Your drafts tells us that your employer exists. What it does not tell us is why the draft should be accepted. What is the actual notability of this org? Wikipedia is not a directory of investment companies.
    I also see churnalism in the references you have chosen so far. If Appian Capital Advisory is the source of the article then this needs to be measured agains WP:PRIMARY and, if the story is repeated elsewhere, is likely to be churnalism, whatever the pedigree of the media outlet running with it.
    The upshot is that there is work to do here. 🇺🇦 FiddleTimtrent FaddleTalk to me 🇺🇦 12:09, 16 December 2024 (UTC)
Appian Capital Advisory
IndustryPrivate Equity
Founded2012 (2012)
FounderMichael W. Scherb
Headquarters
London, England
Websiteappiancapitaladvisory.com

Appian Capital Advisory is a London-based, mining and metals-focused private equity firm[1] known for its acquisitions of and investments in mining projects including the Pine Point mine in Canada and the Rosh Pinah mine in Namibia.[2][3]

History

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Appian was founded in 2012 and is led by Michael W. Scherb.[4]The firm invests in companies in metals, mining, and adjacent industries, with a focus on commodities required to power the green energy transition and providing inflation protection.[5][6][7] As of 2024, Appian’s AUM is $4 billion.[8]

Operations

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Appian operates worldwide, including in North America, South America, Australia, Europe and Africa.[9]

Since 2018, Appian has supported and brought nine mines to production.[10] Appian acquired Mineração Vale Verde (MVV), the operator of the Serrotte copper-gold mine, in Brazil from Aura Minerals in 2018.[1] The same year Appian bought Atlantic Nickel, the operators of one of the world’s largest open-pit nickel mines, also in Brazil, from bankruptcy.[11] In 2021, Appian agreed to the sale of these two mines to Sibanye-Stillwater.[12] Sibanye terminated the acquisition[13] in January 2022 and Appian filed for compensation.[14] In a 2024 ruling, the England and Wales High Court ruled that Sibanye Stillwater was liable for damages as a result of the unlawful termination of the $1.2 billion deal. The total damages will be determined in November 2025.[15]

In April 2023, Osisko Mining and Appian reached a four-year agreement to complete exploration, feasibility, and regulatory work at the Pine Point Mine in Canada; Appian acquired a 60% ownership interest in the Pine Point project.[16] In February 2024, Appian bought an additional 5% interest in the Pine Point project.[17]

In June 2023, Appian bought an 89.96% stake in the Rosh Pinah zinc mine[18] from Trevali Mining Corporation. In the same month 2023, Appian and Detronic Energia formed a joint venture to develop 20 solar plants with a total capacity of 62.4 MWp in Minas Gerais, Brazil.[19]

In December 2023, Appian invested in the battery metals producer US Strategic Metals (USSM), supporting the development of their nickel and cobalt mine and their hydrometallurgy recycling facility in Missouri.[20]

In October 2023, Appian invested in Urbix and signed a joint development agreement to develop a commercial graphite processing facility.[21] Urbix was selected to be awarded a $125 million grant from the US Department of Energy’s Manufacturing and Energy Supply Chain in September 2024.[22]

In 2024, Appian hired Former Deputy Prime Minister and Foreign Secretary Dominic Raab as an adviser. He chairs a partnership between the firm and SAFE- Securing America’s Future Energy, providing recommendations to the US government on critical minerals supply chains.[3][10]

Notable Exits

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In 2018, Appian sold Avanco Resources, a copper producer, to Oz Minerals for A$418m.[23]

In 2021, Appian sold its 13.2% interest in gold mining company Roxgold to Fortuna Silver Mines as part of a deal valued at over CAD $1 billion.[24][25] Also in 2021, Appian sold its royalty interest in the Caserones copper mine in Chile to Nomad Royalty.[26]

In 2022, Appian divested its 2% net smelter return royalty and credit facility in Harte Gold to Silver Lake Resource.[27] That same year, Appian sold its stake in Peak Rare Earths to Shenghe Resources Holding.[28][29]

References

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  1. ^ a b Durao, Mariana (18 June 2021). "As Copper Sinks, Appian Bets on Shortages in Electrification Era". Bloomberg.
  2. ^ Saigol, Lina (10 August 2021). "Appian Capital is Hoping to Unearth an Investment Winner in a Green Metals Push". Financial News London.
  3. ^ a b Dempsey, Harry (21 February 2024). "UK should ease rules to win back mining sector listings, says private equity boss". Financial Times.
  4. ^ Brent, Paul (30 May 2014). "Private equity poised to pour into mining". National Post. p. 40 – via Newspapers.com.
  5. ^ Yeomans, Jon (29 July 2018). "Appian seeks investors to dig deep and back mining sector". Telegraph.
  6. ^ Hume, Neil (10 January 2021). "Appian raises $775m for its second private equity fund". FT.
  7. ^ Ker, Peter (11 January 2021). "China fears can't dent mining allure". Financial Review.
  8. ^ Nair, Dinesh (9 October 2023). "Mining-Focused Buyout Firm Appian Raises $2 Billion for New Fund". Bloomberg.
  9. ^ "Where We Operate".
  10. ^ a b "Ex-Deputy PM Raab to join Pall Mall mining investment operation". City AM. 21 February 2024.
  11. ^ "At present, the full operation of the Atlantic Nickel:Santa Rita nickel mine has completed the shipment ahead of schedule". Shanghai Metals Market. 3 June 2020.
  12. ^ Garcia, Luis (29 October 2021). "Appian Scores Hefty Returns on Brazilian Mines Sales". Wall Street Journal.
  13. ^ Hume, Neil (24 January 2022). "Sibanye seeks to scrap $1bn nickel deal". FT.
  14. ^ "Appian begins legal proceedings in $1.2 bln claim against Sibanye-Stillwater". Reuters. 30 May 2022.
  15. ^ Trivedi, Upmanu; Clowes, William (10 October 2024). "Sibnaye Loses Appian Suit Over $1.2 Billion Brazil Mine Deal". Bloomberg.
  16. ^ Gleeson, Richard (28 February 2023). "Companies look to government for help turning N.W.T. projects into mines". Canada Broadcasting Channel.
  17. ^ Roan, A.J. (23 February 2024). "Osisko sells 5% more of PPML to Appian". Mining News.
  18. ^ Parker, Darren (27 June 2023). "Appian acquires controlling stake in rosh pinah". Mining Weekly.
  19. ^ Morais, Lucas (2 June 2023). "Appian forms JV to develop 62.4 MWp of solar projects in Brazil". Renewables Now.
  20. ^ "Appian provides US Strategic Metals with $230m finance package". Mining Weekly. 18 December 2023.
  21. ^ "Urbix Receives Strategic Investment from Appian Capital". City Biz. 31 October 2023.
  22. ^ Parker, Darren (23 September 2024). "Urbix to get $125m from US govt to fund graphite processing facility". Mining Weekly.
  23. ^ Zhou, Vanessa (9 August 2018). "OZ Minerals completes compulsory acquisition of Avanco". Australian Mining.
  24. ^ Gleeson, Daniel (5 November 2021). "Appian continues to flex 'multi-faceted' skillset in latest mining deals". International Mining.
  25. ^ "Fortuna shares fall on $884 mln deal for West Africa-focused Roxgold". Reuters. 26 April 2021.
  26. ^ "Appian to sell royalty interest in Chile's Caserones mine for $23m". Mining Technology. 17 May 2021.
  27. ^ "Appian divests royalty, credit positions in Harte Gold at premium". Mining.com. 22 February 2022.
  28. ^ "Appian Capital Advisory sells stake in Peak Rare Earths". Mining.com. 16 February 2022.
  29. ^ "China's Shenghe to acquire stake in Australian firm Peak Rare Earths". Mining Technology. 14 February 2022.
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