In a strategic move to capitalize on the current market conditions, Elliott Management is launching a new venture, Hyperion, to acquire global mining assets valued at a minimum of $1 billion. According to sources familiar with the matter, the initiative seeks to leverage the low valuations of companies within the sector. Hyperion, under the leadership of Sandeep Biswas, former CEO of Newcrest Mining (OTC: NCMGY), is set to explore opportunities across a broad spectrum of assets, including those essential for electric vehicle production and renewable energy. This comes as metal prices are expec…
