Arab Today, arab today btg pactual agn to mull 520 million mining investment
Last Updated : GMT 10:46:18
Arab Today, arab today
Arab Today, arab today

BTG Pactual, AGN to mull $520 million mining investment

Arab Today, arab today

Arab Today, arab today BTG Pactual, AGN to mull $520 million mining investment

Brasília - AFP

Brazil\'s top investment bank Banco BTG Pactual on Thursday announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to $520 million in Latin America and Africa. BTG said the alliance between billionaire Andre Esteves\'s BTG Pactual and Agnelli\'s investment company AGN will explore \"investment opportunities in the mining sector with a focus on Brazil, Latin America and Africa.\" The 50/50 partnership aims to field investments of up to $520 million (427 million euros). The new B&A company is scheduled to start operations within two months in the aim of beginning copper production around 2014 in Chile. However, B&A executives told reporters there were as yet no concrete projects for Brazil, Africa and other Latin American countries. They also expressed confidence that Asian economies would continue to grow and thus boost the commodity market. \"The natural resources sector will continue to be extremely promising for many years,\" said Agnelli, the new company\'s chairman. \"We believe in Latin America and Africa\'s enormous natural wealth potential,\" he added, pledging to develop \"an innovative and environmentally sustainable mining company with a social commitment to nearby communities.\" \"The market is big and there are many opportunities,\" said Carlos Fonseca, ae BTG Pactual official. B&A officials also said they were keen to tap iron ore and infrastructure opportunities in Africa, as well as to launch fertilizer projects in Brazil. \"There are still many resources that have not yet been discovered in Africa. It\'s a question of time and the world needs Africa,\" Agnelli said. In May, BTG Pactual launched a $1 billion Africa investment fund, the biggest in the world, with capital collected in this country. And in late April, BTG Pactual made its trading debut on the Sao Paulo bourse, following an initial public offering that raised 3.65 billion real ($1.92 billion) through the sale of 117 million units. Esteves, who has a net worth of $3 billion, according to Forbes magazine, has turned BTG Pactual into Brazil\'s top investment bank, with over $61 billion in its asset management group and $21 billion in its wealth management unit. Agnelli stepped down last year as CEO of Vale, the world\'s top iron producer, and set up AGN to invest in energy, logistics and mining.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today btg pactual agn to mull 520 million mining investment Arab Today, arab today btg pactual agn to mull 520 million mining investment

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday