Golden Grove acquired for $200 million

Australia’s EMR Capital has announced that its successfully acquired 100% of the shares in MMG Gold Grove which owns precious metal mines in Western Australia.

The transaction was valued at $210 million and will provide EMR Capital with exposure to the copper, zinc, and lead produced from the Golden Grove mines.

EMR’s Capital Resources Fund which is valued at $860 million has announced it will focus on investments in copper, gold, potash and coking coal and is seeking more acquisition opportunities.

“We’re not anxious buyers, but given the environment, we think there are a few interesting things to buy out there,” he said.