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Subscriber only A DAD who had two children in the car when he was caught doing a burnout while drink driving has copped a heavy fine. Police saw smoke left behind by Anthony Tronc after he skidded his tyres on the Cunningham Hwy at Fassifern on October 2 last year. Ipswich Magistrates Court heard that when they pulled him over, he also blew an alcohol reading of 0.097, while on a P licence. Anthony Wayne Tronc, 30, from Kalbar, pleaded guilty to dangerous operation of a motor vehicle; and drink driving. Prosecutor Senior Constable Dan Swanson said police saw a large plume of smoke at an intersection and saw the car go past a parked truck.
Appian raises $775m reaching hard cap for second mining fund
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Highlights
Strong investor interest reflects demand for hard assets and green commodities exposure
Provides exposure to copper, nickel and other base and industrial metals with a precious metals hedge
40% already deployed using Appian s world class global sourcing and execution capabilities
Builds on Appian s record of generating strong risk adjusted returns by identifying, acquiring and developing undervalued metals and mining assets
Majority of fundraising completed remotely through COVID-19 pandemic
Team expanded to 37 investment professionals across locations in London, Toronto, Lima, Belo Horizonte and Sydney, overseeing nearly 5,000 employees across the portfolio
Appian closes $775m fund as institutions line up for mining investment
Workers at Avanco’s copper and gold mine Brazil. Image from Appian Capital Advisory.
Appian Capital Advisory has had a busy seven years since the London-based firm raised its flagship mining and metals fund in 2014.
Appian has made nine investments with six mines in production and another two likely within the next two years. The firm has expanded to 37 investment professionals across locations in London, Toronto, Lima, Belo Horizonte and Sydney, overseeing 4,650 employees across its portfolio.
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On Monday, Appian announced a significantly larger fund – $775 million and oversubscribed – which, despite the disruption caused by the pandemic, has already deployed 40% of its capital.
China fears can t dent mining s allure
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Trade tensions with China will prove to be short lived and have not diminished Australia s appeal as an investment destination, according to the foreign private equity firm advised by former BHP boss Chip Goodyear.
London-based Appian Capital Advisory will on Monday complete the raising of a $US775 million ($1 billion) fund targeted at mining projects that are expected to thrive under a global energy transition.
Appian s biggest investment to date is a privately held mineral sands project in eastern Victoria.
The fund is Appian s second and is already 40 per cent deployed, with its biggest investment to date being a privately held mineral sands project in eastern Victoria.