Apollo, NRI Launch $300M Coal-Mining Partnership

Law360, New York (January 14, 2013, 6:30 PM EST) -- Private equity giant Apollo Global Management LLC and industrial mineral-focused investor NRI Management Group LLC have teamed up to invest in coal-mining properties around the world backed by $300 million in funding from Apollo affiliates, the parties said Monday.

The new strategic partnership will focus on mining and other related opportunities in regions with established coal industries, with a lighter focus on other types of mining, according to Apollo and NRI.

“We believe the long-term prospects for the global coal industry are highly compelling,” Apollo senior...
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