Denham Mining finances and supports management and mining projects in metals and minerals that play a critical role in decarbonization, energy transition, supply chain security and in the increasing technological footprint of society
Denham Mining pursues a flexible investment strategy. We partner with best in class management teams to help them acquire or earn into projects, or to develop mines into production. Our preferred entry point are projects that are at maximum two years from first production, or already in construction, ramp up or in production, and require capital for expansion and other value accretive activities. Denham Mining can invest anywhere on the capital stack, ranging from ordinary equity, to preferred equity and subordinated or senior debt.
Corporate and Social Responsibilities
Denham Mining’s investment strategy focuses on metals and minerals that assist in decarbonization and the energy transition. Denham believes a strong correlation exists between ESG and highly marketable projects.
Denham Mining seeks out projects that deliver tangible benefits to local communities such as jobs and associated business opportunities. At the same time Denham Mining also strives to minimize adverse environmental impacts of the projects it finances, and where possible and practicable, also seeks to implement proactive protection of flora and fauna in the vicinity of its projects.
Denham Capital Mining Fund (the Fund) recognizes that successful management of environmental, social and governance (ESG) considerations related to the Fund’s mining investments are essential in making a more positive contribution to the world we live in.
Demonstration of our responsible mining initiatives can be found across the Fund’s listed and privately owned Portfolio Companies. They are the norm, not the exception. Doing the right thing for the environment and the community constitutes the social operating licence for a mining project, without which a project cannot succeed.
The Fund manages its mining investments to seek the best long-term, risk-adjusted portfolio returns for its limited partners. We use our influence as an investor to promote the responsible management of ESG risks in order to protect the long-term value of investments, and enable improvements of the overall wellbeing and development of our host communities and countries. We also seek to minimize our environmental impact, and in situations, where appropriate and possible, to use our influence to proactively protect the environment around our projects.
Denham Mining conducts business in a sustainable and responsible manner and takes into account the impact our investments have on affected people and communities. We respect human rights and support the responsible sourcing of minerals. We are committed to ensuring that our projects deliver tangible benefit to local communities.
For example, the Alphamin operation positively benefits 90,000 local residences in the North Kivu region of Democratic Republic of Congo. Our Olive Downs project in the Bowen Basin in Australia will also create up to 1,300 jobs and help Queensland recover from the economic consequences of Covid-19.
We recognise that mines must co-exist with alternative livelihoods that rely upon the availability of land and water and aim to ensure that our investments seek to minimize the use of such resources. We strive for best-in-class environmental protection at our projects.
Health and Safety
The health and safety of our people and the communities in which we operate takes precedence over all other objectives. Our approach to health and safety is to be proactive in identifying potential risks and implementing the necessary controls.