Lates News

The US government is in talks with investment firm Orion Resource Partners to establish a multi-billion dollar overseas mining project fund. According to sources, the US International Development Finance Corporation (DFC) and Orion, headquartered in New York, will each invest $600 million or more in the new fund, with potential participation from other sovereign investors and US government agencies. The fund will invest in mining projects for key minerals such as copper and rare earths, which are critical for national defense and high-tech manufacturing (Financial Times).