Merchant bank looking to invest in base metal mines

Dec 06, 2011 | 02:09 PM | Chris Prentice

Tags  Forbes & Manhattan, base metals, Bell Copper, Copper One, chris prentice

NEW YORK — Merchant bank Forbes & Manhattan Inc. is looking to add more junior mining companies to its portfolio, Simon Marcotte, vice president of corporate development, told AMM.

"We are just starting to be involved in base metals," Marcotte said. "Historically, we’ve shied away."

The Toronto company traditionally has invested in iron ore and precious metal projects, he said, but about a year ago the bank added two Canadian-based copper producers to its portfolio of about 35 companies: Bell Copper Corp. and Copper One Inc. ....

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