CCP 12J appoints DRA Group as technical partner
30 May 2018
Mining engineering firm DRA Group will act as a technical partner to mining-focused venture capital company CCP 12J Fund in respect of engineering and outsourced operations and maintenance services.
DRA will also be a principal investor in CCP 12J, which was established in terms of Section 12J of the Income Tax Act.
Private equity fund manager Stockdale Street, which advises DRA’s largest shareholder, is a co-founder of CCP 12J.
CCP 12J will leverage off DRA’s extensive minerals processing, mining engineering and outsourced operationscapabilities and Stockdale Street’s disciplined focus on capital preservation, to make mining-related equity investments in South Africa.