MX Mining Capital Partners managing director Dr Michael Seeger tells Proactive's Stephen Gunnion how the firm specialises in developing and financing mining projects globally, with a focus on mid-tier miners, listed juniors, and small to mid-sized operations.
Speaking at Resourcing Tomorrow 2024, Seeger highlighted the challenges smaller mining companies face in raising capital, particularly in critical minerals. Seeger stated, "You have market caps of $10 million mining companies with maybe two, three, $4 million cash, but the projects are $500 million." He discussed how partnerships with major industry players and funding from European sources are helping these projects move forward.
Seeger also emphasised Europe’s need to develop secure and sustainable supply chains for critical minerals, particularly in alignment with digitalisation, renewable energy, and the automobile sector. He referenced one of MX Mining Capital Partners’ flagship initiatives, the optimisation of a large underground copper mining project in Germany, which could supply 50% of the country’s copper.