Mick Davis and resource investing: 2

As promised, here is the second article on Mick Davis. Again, it is a great read for a little glimpse into the investing and business development side of the mining industry. This article focuses more on his current venture, X2 Resources and its development. Have a read and let me know what you think.

X2 Resources

Building another resource giant? Photo: X2 Resources

One of the best quotes about Mick Davis, the founder CEO of Xstrata, comes from former JP Morgan banker Ian Hannam who assisted with a number of transactions for Davis.

He said: “There are four people who claim they brought Billiton to London: [Brian] Gilbertson, myself, Adrian Coates [a well-known banker in London, then at HSBC] and Davis. The answer is – it was Davis. He saw the opportunity and managed to persuade Gilbertson that it would create a platform to build a new company to rival Rio [Tinto]”. Continue reading