RE: Daily Mail article27 May 2018 11:27
Controversial rainmaker Ian Hannam recruits investors to help fund �1bn mine in Greenland
� Hannam resigned as chairman of Capital Markets at JP Morgan Cazenove
� He was fined �450k in 2012 for leaking information about an oil and gas takeover
� He went on to set up his own company managing deals with major mining firms
By HARRIET DENNYS, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:29, 26 May 2018 | UPDATED: 21:29, 26 May 2018
Deal: Ian Hannam�s firm is advising Bluejay Mining
Controversial mining rainmaker Ian Hannam is lining up investors to fund a �1 billion mineral project that could help secure Greenland�s independence.
His investment firm Hannam & Partners is advising Aim-listed Bluejay Mining which plans to raise �57 million to develop its Dundas mineral project in northern Greenland.
Hannam resigned as chairman of Capital Markets at JP Morgan Cazenove and was fined �450,000 in 2012 for leaking inside information about an oil and gas takeover.
He went on to set up his own company managing negotiations with major mining firms.
The project financing will be used to start extracting ilmenite � a valuable mineral in demand to make products including 3D printers, toothpaste and white paint.
The Dundas deposits are the world�s highest-grade source of ilmenite.
Bluejay upgraded its estimate for the Dundas resources by 400 per cent in recent weeks, valuing those identified so far at �1 billion.