Scipion Capital launched on wednesday a new fund which allows investors to capitalise on the recovery of the junior mining and natural resources sector in Africa. Initial assets under management were about US$15 million
The Scipion Mining and Resources Fund which is expected to deliver annual returns of over 50% is targeting international institutional and high net-worth individuals
Scipion is planning to partner with, and take equity stakes in, junior mining companies listed on the Sydney, Toronto and London AIM stock exchanges, all of which have mining operations across Africa.
The fund is managed by Scipion’s CIO Nicolas Clavel, who will be supported by Andrew Garden, the firm’s Head of Structured Trade Finance.
Scipion will supply partner companies with funding that will allow them to initiate mining projects. This approach will enable Scipion to capitalise on both the rising share price and production profit of the companies it invests in.
According to Scipion, the fund offers investors the opportunity to capitalise on Africa’s unique combination of geological strength and favourable investment conditions
