Appian Capital Advisory (GB), a private equity firm, completed its acquisition of Omico Copper on May 15, 2026, for $400 million. The deal involved a 95% stake in the copper mining project located in Namibia.
| Acquirer | Appian Capital Advisory (GB) |
|---|---|
| Target | Omico Copper |
| Deal value ($m) | $400 |
| Type | Buyout |
| Close date | 2026-05-15 |
| Announcement date | 2023-10-02 |
| Buy-side financial advisors | Axis Capital Advisors |
| Buy-side legal advisors | PwC Legal, Adviso Partners, Almasta |
The acquisition aims to unlock an attractive undeveloped copper deposit in Namibia with a clearly defined development pathway. The project plans over US$400 million for the asset's development and is expected to utilize open-pit mining with heap leach and solvent extraction-electrowinning technology.
Strategic Rationale
The deal positions Appian Capital Advisory to benefit from strong long-term fundamentals in the copper market, driven by global electrification and energy transition infrastructure. Namibia's stable regulatory framework supports near-term production with attractive margins and upside through processing improvements and mine design optimization.
Financial Context
The project’s mineable inventory includes approximately 520,000 tonnes of contained copper over a projected 15-year life. A Bankable Feasibility Study confirms a defined M&I resource of 123 million tonnes at 0.51% Cu, underpinning the long-term value creation.
Advisors
The buy-side financial and legal advisors for this deal were Axis Capital Advisors and PwC Legal, Adviso Partners, Almasta, respectively.
Outlook
The acquisition strengthens Appian's portfolio of energy transition metals in a stable jurisdiction. With its established local expertise from Rosh Pinah Zinc since 2023, the company aims to deliver this project efficiently for all stakeholders.