Some of the investments owned and operated by EMR
Coking Coal Golden Grove* Golden Grove*
Copper, Zinc, Lead
Silver & Gold Capricorn Copper* Capricorn Copper*
Copper & Silver Ravenswood Ravenswood
Gold West Cumbria West Cumbria
Hard Coking Coal Highfield Resources Highfield Resources
Potash Redhill Mining* Redhill Mining*
Copper and Silver
Conceptual Mine Peak Minerals Peak Minerals
Potash (SOP) Lubambe Lubambe
Copper Martabe Martabe
Gold & Silver
- Exited Investments
- Current Portfolio Companies
Kestrel Coal Resources
The Kestrel mine is located in Central Queensland, Australia, approximately 50km from the town of Emerald. Kestrel commenced production in 1992 and in 2018, under the previous owner, produced 5.7Mt of hard coking coal (run-of-mine). EMR, together with co-investors including PT Adaro, acquired 80% of Kestrel on 1 August 2018. More than 500 staff and contractors are employed at Kestrel.
The Golden Grove mine is located approximately 450 kilometres north east of Perth in Western Australia and is connected by daily 45 minute flights from Perth directly onto the mine site. The mine commenced operations in 1990 and utilises open pit and underground mining methods to produce a copper concentrate, zinc concentrate and a high precious metals concentrate. EMR Capital acquired 100% of Golden Grove on 28 February 2017.
The Capricorn Copper mine is located approximately 125km by road northwest of Mt Isa in Queensland, Australia. EMR Capital, together with the management team, became the owner of 100% of the mine in 2015. The mine has a rich history, with the underground mine recommencing operations in 2017.
The Ravenswood Gold Mine is located approximately 130km south of Townsville in north-east Queensland, Australia. The mine has been in continuous operation since 1987 and has significant expansion potential to become a large scale, low cost, long life gold producer. EMR Capital, together with Golden Energy and Resources, acquired 100% of Ravenswood on 1 April 2020.
West Cumbria Mining is currently developing its metallurgical coal project, which will be known as Woodhouse Colliery, a new underground mine located near Whitehaven in the United Kingdom. EMR acquired a controlling interest in West Cumbria Mining on 3 June 2014. On 19 March 2019, the Cumbria County Council granted the Planning Approval for the project.
Highfield Resources’ Muga project is located in northern Spain, in the Ebro potash producing basin. On 4 June 2019, Highfield received its environmental permit (Declaración de Impacto Ambiental). The Highfield team, led by Peter Albert (former CEO of Martabe gold and silver mine), is currently progressing the development of the project which will produce Muriate of Potash (MOP) on completion. EMR acquired its interest in Highfield over a period of time from 2014.
Redhill is a privately owned company with a district-scale tenement package covering significant highly prospective grounds for base and precious metals exploration in under explored southern Chile, including Cutters Project which is near the historic high grade copper mine close to coast. A conceptual mine study completed for Cutters Project contemplates the re-start given updated resources and potential for resource expansion. EMR acquired a controlling interest in Redhill in 2014.
Peak Minerals Sevier Playa Project is located in southwestern Utah, USA, approximately 225 kilometres southwest of Salt Lake City connected by highway. Once approved, constructed and in operation, this project will produce Sulfate of Potash (“SOP”) via a solar evaporation production process. EMR Capital acquired the first portion of its investment in CPM on 29 May 2015.
The Lubambe Copper Mine is located in the Zambian Copperbelt, one of the major copper belts in the world, approximately 38km from the town of Chingola. This underground mine commenced operations in 2012 and produces copper concentrate. In December 2017, EMR Capital acquired an 80% stake in Lubambe.
The Martabe gold and silver mine is located in North Sumatra, approximately 40 km south of the port of Sibolga. The mine commenced production in 2012 and is an open pit mine. EMR Capital acquired Martabe on 17 March 2016 and exited on 3 December 2018. During EMR Capital’s ownership, over 2,500 staff and contractors were employed as part of the Martabe operation, 98% of whom were from Indonesia and 74% from the local communities, gold production increased from ~300koz to ~410koz and EBITDA from ~US$240m to ~US$375m.