Perseus Mining’s chief executive said the gold producer is focused on developing its own growth options after a failed bid for Predictive Discovery and has no current plans to sell its stake in the Africa-focused explorer.
The private-equity firm is set to reap a more than twofold gross return from the $4.7 billion sale of natural-gas fired power plants backed by the new fund.
Rio Tinto’s chief executive touted the miner’s plans for growth, particularly in prized industrial metal copper, two weeks after talks with Glencore to create a global mining giant fell apart.