Pala Investments, a Swiss investment company controlled by Russian businessman and former co-owner of Mechel Vladimir Yorikh, is studying an Australian sector of mineral companies in search for objects to invest available funds in the amount of $200 million, The Australian reports.
Stephen Gill, who manages a portfolio of Pala Investments’ assets, told the newspaper that the improvement in Australian mineral sector, that had taken place over the past year, would bring new deals in the coming months.
The reason is optimism of investors and top managers who believe that hard times are left behind for Australian raw materials’ producers.
Pala Investments was founded in 2006. The company originally had a $900 million fund for investment. The bulk of these funds were provided by Russian businessman Vladimir Yorikh, who made his fortune through successful investments in mining and metallurgical company Mechel.