Overview

Denham Mining supports experienced mining management teams and entrepreneurs with capital to execute and complete their business plan and strategic advice to ensure their success.

The ability to source sufficient capital is critical to seeing a project all the way through completion. The ability to partner with a capital provider that has a deep technical and commercial understanding is critical to ensuring the success of that project. The Denham Mining Team focuses on being a value added partner that can provide the capital and strategic advice that a talented management team needs to succeed in the challenging and competitive business of mining.

Select Portfolio Companies

Our investment effort spans the mining value chain and encompasses a wide range of business types, strategies and geographies.

Auctus Minerals

Auctus Minerals is a Perth-based company focused on developing promising projects into production and improving the economics of operational mining assets throughout Australia. It targets opportunistic projects that are either near production or development-ready.

JDS Silver

JDS Silver, led by accomplished Canadian mining entrepreneur, Jeff Stibbard, targets base and precious metals projects that may be quickly brought into production in northern and western Canada.

  • Headquarters

    Vancouver, British Columbia
  • Website

    www.jdssilver.com/
  • Sector

    Mining
  • Exit Description

    N/A

Mining Ventures Brasil

Mining Ventures Brasil is engaged in the identification and exploration of highly prospective mining areas in Brazil. The company is currently focused on development of its heavy rare earths project in Brazil.

Pangea

Pangea Exploration targets resources throughout Africa and is engaged in the acquisition of mining assets across all stages of the project life cycle.

  • Headquarters

    Johannesburg, South Africa
  • Website

    N/A
  • Sector

    Mining
  • Exit Description

    N/A

Pembroke Resources

Pembroke Resources is an Australia-based company focused on the acquisition and development of a portfolio of high quality, metallurgical coal assets in the Asia-Pacific region.

Santiago Metals

Santiago Metals targets mining and exploration projects in Chile.

  • Headquarters

    Santiago, Chile
  • Website

    N/A
  • Sector

    Mining
  • Exit Description

    N/A

Stellar Mining

Stellar Mining targets mining and exploration projects in Peru.

  • Headquarters

    Lima, Peru
  • Website

    N/A
  • Sector

    Mining
  • Exit Description

    N/A

Sector Team

Stuart Porter

Founder and CEO

Stuart Porter is a Founder, Managing Partner and serves as the firm’s Chief Executive Officer and Chief Investment Officer. Stuart brings over 29 years of senior investment experience to Denham. Stuart serves on the Management Committee, Fund Investment Committee and Valuation Committee.

Prior to founding Denham, Stuart was a founding partner of Sowood Capital Management LP and, prior thereto, was employed as a Vice President and Portfolio Manager at Harvard Management Company, Inc. where he focused on public and private transactions in the energy and commodities sectors. Stuart previously worked for Bacon Investments and at J. Aron, a division of Goldman Sachs. While at J. Aron, he worked on the Goldman Sachs Commodity Index desk. Prior to joining J. Aron, Stuart was a self-employed trader at the Chicago Board of Trade and was employed by Cargill Incorporated in Minnetonka, Minnesota in the Financial Markets Division. Stuart volunteers his time by serving on the Board of Directors of the Massachusetts Society for the Prevention of Cruelty to Children, a charitable organization, and also serves as a Trustee of St. Sebastian’s School in Needham, MA.

Stuart received a Bachelor of Arts from the University of Michigan and a Master of Business Administration degree from the University of Chicago Booth School of Business.

Carl Tricoli

Managing Partner and Co-President

Carl Tricoli is a Founder, Managing Partner and Co-President and heads 57 the firm’s Oil & Gas and Mining teams. He brings 36 years of experience to Denham and is a member of the Management Committee, certain of Denham’s investment committees and the Valuation Committee.

Prior to joining Denham in 2004, he served as President of GeosCapital (a J.M. Huber Corporation), after serving as Vice President for Enron North America, Managing Director of Koch Producer Services, President of Black Hawk Resources and Managing Director of Corporate Finance for NationsBank Capital Markets. Carl serves as a member of the Board of Directors of Connaught Oil and Gas, Sierra Buckeye LLC, Platino Energy, Pangea Exploration (Proprietary), Ltd. and Mining Ventures Brasil Ltda.

He received a Bachelor of Arts from the University of Texas at Austin and a Master of Business Administration from Cass Business School in London.

Bert Koth

Managing Director and Partner Denham Mining Fund

Bert Koth is a Managing Director, responsible for origination, analysis, structuring and execution of investments for the Mining Deal Team. He brings 21 years of experience to the firm and is a member of the Fund Investment Committee. He speaks English, German, Spanish, French and Russian.

Prior to joining Denham, Bert worked at BHP Billiton, ING Barings, and Deutsche Bank. He currently serves on the Board of Directors of Tremont Master Holdings Ltd., Pembroke Resources and Auctus Minerals.

Bert received a graduate degree and a PhD in Business Administration from the Vienna University of Economics, Austria.

Rob Still

Partner Denham Mining Fund

Rob Still is currently Chairman of Pangea Exploration (Proprietary), Ltd., which provides information and analysis to Denham’s African mining platform. He brings 28 years of mining experience to the firm and is a member of the Fund Investment Committee.

Prior to Pangea Exploration, Rob has been involved in the mining industry worldwide, from discovery to production, and has held executive and non-executive directorships in companies listed in South Africa, Australia, Canada and the United Kingdom. He has participated in the evaluation and/or development of several new mining projects and companies including Rhovan (vanadium – discovery to production), Ticor (mineral sands – discovery and evaluation), Pangea GoldFields (exploration and discovery), Southern Mining Corporation Limited (mineral sands – Corridor Sands), Metorex Ltd (copper – turnaround) and Zimplats (platinum – discovery to production). Rob began his mining career in 1987 when he co-founded Rhombus Exploration, a JSE junior. Prior to 1987, he was a Partner at Ernst & Whinney (now Ernst & Young).

Rob holds a Bachelor of Commerce degree from the University of Witwatersrand, a Bachelor of Commerce (Hons) degree from the University of Cape Town and a Certificate of Theory of Accounting from the University of Witwatersrand. It is expected that Mr. Still’s services in respect of the Fund will be procured via the Sub-Advisory Agreement with the Sub-Advisor.

Caroline Donally

Director

Caroline Donally is a Director, responsible for origination, analysis, structuring, valuation and execution of investments for the Mining Deal Team. She brings 21 years of experience to the firm.

Prior to joining Denham four years ago, Caroline worked in the project finance areas at Rand Merchant Bank and Investec Bank Limited, focusing exclusively on metals and mining transactions. Previously, she worked at BDO Spencer Steward. She currently sits on the Board of Directors for Tremont Master Holdings Ltd. (Board and Audit Committee) and Santiago Metals.

Caroline received a Bachelor of Commerce from the University of the Witwatersrand and a Bachelor of Accounting Science from the University of South Africa. She also holds a Chartered Accountant designation.

Mark Riccio

Director

Mark Riccio is a Director, responsible for origination, analysis, structuring, valuation and execution of investments for the Mining Deal Team. He brings 14 years of experience to the firm.

Prior to joining Denham, Mr. Riccio was a Vice President with Merrill Lynch International’s global natural resources investment banking group in Sydney, Australia where he focused on the metals and mining industry. Prior to Merrill Lynch, he worked at Advisors Asset Management and Invesco Funds. He currently serves on the Board of Directors for Auctus Minerals, Pembroke Resources and Stellar Mining.

Mark received a Bachelor of Science in Finance from the University of Colorado at Boulder and MBA from the University of Texas at Austin. He holds the Chartered Financial Analyst designation

Alex Deng

Vice President

Alex Deng is an Associate, responsible for financial modeling, execution and monitoring of investments. He brings five years of experience to the firm.

Prior to joining Denham, Alex was an Analyst in the Global Metals & Mining Investment Banking Group of Canadian Imperial Bank of Commerce (CIBC) World Markets in Vancouver and Sydney.

He holds a Bachelor of Commerce degree in Finance and Real Estate from the Sauder School of Business at the University of British Columbia.

Brian Ferrey

Associate

Brian Ferrey is an Associate, responsible for financial modeling, execution and monitoring of investments. He brings three years of experience to the firm.

Prior to joining Denham, Brian was an analyst in the Equity Capital Markets and Global Metals & Mining groups at UBS Investment Bank in Toronto.

Brian holds an Honors Bachelor of Business Administration from the Richard Ivey School of Business at the University of Western Ontario. He graduated with distinction as an Ivey Scholar.

Recent Sector News

  • Denham Capital Announces Partnership with JDS Silver

    Read article
  • Pembroke Resources acquires metallurgical coal assets in the Bowen Basin

    Read article
  • Denham’s Caroline Donally Explores Growth of Private Equity Opportunities in Mining Weekly

    Read article
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