Australia’s national investment fund makes first bet on mining
Australia’s National Reconstruction Fund will invest $26 million to boost mining equipment manufacturing in the state of Queensland.
One of 2010’s glamour floats in Australia, Middle Island Resources Ltd (ASX: MDI) has decided to join some global majors, including BHP Billiton and Arcelor-Mittal, in moving into the Liberian exploration scene.
The strong support for Middle Island came largely from the fact it’s principal Rick Yeates, had developed one of Australia’s most successful international mining consultancies RSG Global (subsequently taken over by Coffey International) which had a big focus on Africa.
