Actis partner Peter Ruxton in an interview with reporters, said, Actis is planning to raise a scale of 2.5 to 3 billion U.S. dollars of the new fund. This fund is the main source of funds the United States, Europe and Southeast Asia's institutional investors. Of which 500 million U.S. dollars investment plan in China. Is expected in the mining industry will invest more than 50 million U.S. dollars, the total capital investment in China is 10% -20%.
"Now the international mining companies Kaizumali production, but still can not meet demand from China." Ruxton said. "At present, China's copper production for only 20 percent meet the domestic demand, let us see investment opportunities." Ruxton said. He revealed that, Actis in China has inspected the 6-10 mining companies, including gold, nickel ore, coal and natural gas and other resources products. "It has not yet reached specific agreements, but should soon be a breakthrough."
Ruxton also said that investment in the mining enterprises will also strengthen the operational merger and acquisitions. "At present, China's mining market scattered, high unit costs, with industry consolidation, will promote the production capacity of mining enterprises, and increase China's bargaining power." Ruxton said, "In this process, PE and the opportunity not only to Large-scale mining enterprises, small and medium-sized enterprises can achieve a higher return. "
Actis is headquartered in London, since 2006 China has already completed 12 projects of investment, its investment in CNOOC, Mengniu, Suntech Power, communications people have been successfully listed on overseas markets.
Source: 中国证券报 Shi Dan Apr. 16, 2008