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Australian-managed private equity fund helped Chinese involvement in coal mine plan for Cumbria

Scisco Media 27th Oct 2017, Back in 2015 the Champagne glasses were clinking in The Four Seasons, a Chinese restaurant in Whitehaven, Cumbria. West Cumbria Mining was
“happily toasting the recent visit to the UK of Chinese premier Xi
Jinping.” As well they might. Over £14m of funding for the development
has come from EMR Capital Resources Fund, an Australian-managed private
equity fund. Managed by Owen Hegarty and Jason Chang, pride of place in the
head office is a photo of “an Australian politician at the signing of an
agreement between EMR and a bank in China”.
https://sciscomedia.co.uk/cumbrian-coal-mine-china-connection/

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October 29, 2017 - Posted by | general

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