Anglo American Platinum has put up $100m for the platinum-focused venture fund, with South Africa's Public Investment Corporation the other cornerstone investor.
UK-based venture capital fund AP Ventures launched yesterday with $200m of capital, $100m of which came from Anglo American Platinum, the platinum-focused subsidiary of mining company Anglo American.
The remaining $100m came from AP Ventures’ other cornerstone investor, South African government-owned asset management firm Public Investment Corporation.
AP Ventures will invest in companies developing technologies or products that make use of the platinum group metals (PGMs) that Anglo American Platinum sources, including systems that can help integrate renewable energy or…
