Resource Finance Corp. to invest in SE Asian gold miners

North American mining companies now have someplace else to turn to for capital for Southeast Asian projects.

Australian-based Resource Finance Corporation, a merchant and investment bank, has established a new investment fund, called the RFC Asia Mining fund, designed finance small- and medium-sized miners exploring for gold in Southeast Asia. The company hopes to raise US$100 million for the development of projects in one of the hottest mining destinations on the world.

Roger Massy-Greene, RFC’s managing director, said the fund has been well received by Australian and international institutional investors. “[It] offers investors access to the development capital opportunities in Asian mining,” he said.

In addition, RFC has completed a private offering US$20 million in order increase its capital base and project financing fund.