New Zealand’s Growing Interest in Mining Resources

Endura Mining sought to engage New Zealand investors in a roadshow to raise A$150 million for completing their Snowy River gold mine near Reefton. Despite hiring an Auckland-based broker and making presentations to various potential investors, they received no commitments, as many cited a lack of experience in mining investment. The interest primarily came from Australian parties and a US-based private equity fund, with AustralianSuper being the largest shareholder. This reflects a broader ambivalence among New Zealand investors towards the mining sector, despite some retail interest.

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