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Camrose Resources information


Camrose Resources Limited
Defunct2012
FateAcquired by Eurasian Natural Resources Corporation
Key people
Dan Gertler

Camrose Resources Limited (Camrose) was a company owned by Dan Gertler, an Israeli businessman, the founder and President of the DGI (Dan Gertler International) Group of Companies. Camrose's other assets included a "64% stake in Canada listed Africo Resources which held a 75% interest in the Kalukundi Mine's exploitation licence as well as a 56% indirect interest in Comide Sprl, which held the exploitation licence for Mashitu, Pangalume and Kii tenements."[1]

By August 2010, Camrose, acquired British Virgin Island-based Highwind Group.[2]

In 2012 Fasken Martineau, a prestigious international business law and litigation firm recovered an almost unprecedented US$1.25B in the "First Quantum Minerals v Highwinds and others", a case concerning the expropriation of First Quantum Minerals' mining licences in the Kolwezi tailings project (KMT) in the Democratic Republic of Congo. As part of the settlement Eurasian Natural Resources Corporation (ENRC) who had gained control of the project through Camrose Resources Limited subsidiary Highwinds, purchased First Quantum's residual claims and assets in the DRC.[1]

  1. ^ a b "Fasken Martineau advises First Quantum Minerals on US$1.25B deal". Law Expert Blog. March 2, 2012. Retrieved March 23, 2013.
  2. ^ Frik Els (August 22, 2012). "Meet the Israeli middleman said to have 'stripped and flipped' First Quantum's DRC mine". Mining: Your Source of Global Mining News. Retrieved March 23, 2013.

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