Metal-concentrates exchange Open Mineral is in talks with multiple investors to sell over a tenth of the company in a bid to diversify its book of investors, chief executive officer Boris Eykher told Metal Bulletin in a recent interview.
Founded by a group of ex-Glencore traders last year, the digital platform aims to line up concentrates buyers and sellers online to cut out dominant trading houses from the process. "People from the industry, also a number of hedge funds, have approached us. After all our story is very interesting, right? It's a complex story, a lot of work, but there is lots of interest coming," Eykher said. The platform has already received a few offers from investors who are interested in participating in the growth stage. "For each party, we are talking about much less than 10% stake. All together combined, it could be more than that. We are...