Appian and IFC launch $1bn fund for critical minerals market

UK-based private equity firm Appian Capital Advisory and the International Finance Corporation (IFC) have launched a $1bn (£750.72m) fund focused on the development of critical minerals and metals projects in emerging markets. IFC, a World Bank Group member, will contribute an initial $100m to anchor the fund, with further capital expected through the IFC Asset Management Company. The fund, which builds on the ten-year investment collaboration between IFC and Appian, aims to support responsible mining pr ...