Mine of the Times

Interesting news from the Financial Times. According to the report, activist investor Elliott Investment Management has launched a new venture called Hyperion, which reflects the growing interest in the mining industry.

It’s no secret that the mining industry is becoming increasingly important for policymakers and investors due to the expected growth in demand for raw materials needed for electric vehicles and renewable energy infrastructure. Elliott is poised to use its $65 billion under management to go after larger deals if the opportunity arises or to bring in co-investors.

By establishing Hyperion, Elliott stands to capitalize on the projected growth of the mining sector as well as position itself to benefit from the increasing demand.

Sandeep Biswas, a seasoned mining executive with an impressive track record, will take the helm of the new venture. Biswas's previous experience as the CEO of Newcrest Mining is expected to lay a strong foundation for success in identifying and acquiring valuable mining assets. Will they strike financial gold? Stay tuned…

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