"Spear's" Interview with Jim Mellon, 52, author, marathon runner, guitar player and songwriter, is best known as one of the most successful businessmen of his generation (Sunday Times Rich List 2009, ranked 88 at £500 million).
Excerpt of article on EXT.
Q: You are also investing in commodities through Regent, which is now a mining investment company listed in Hong Kong, with your partner Steve Dattels, former finance director of Barrick Gold. Your start-up UraMin was sold in 2005 to Areva for $2.5 billion and now you are doing the same with Emerging Metals Ltd, which has a stake, via Kalahari Minerals, in the Extract Resources uranium deposit at Rossing South, which looks as if it could be the largest deposit ever found.
A: Steve and I started UraMin in September 2005 with $100,000 split 50:50 over a drink at my pub in Notting Hill Gate. We sold it for $2.5 billion in September 2007 and shared $130 million. I took him out to celebrate at the Eiffel Tower restaurant. We are now doing similar with Emerging Metals Ltd (listed on London’s AIM market) with a stake in the Rossing South uranium deposit in Namibia, which is even bigger.
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