Co-founded by its Principals, Tembo Capital is advised by a strong, technical Investment Team.
Tembo Capital has a wide network of contacts across the mining industry. The team consists of individuals with extensive commercial and technical experience,
including geology, mine engineering, metallurgy, private equity and mining finance.
Peter Ruxton trained as a geologist at the University of Leeds, UK, where he obtained a B.Sc. in Geological Sciences and a Ph.D. in Economic Geology. Peter spent 15 years in the Australasian mining industry – Billiton & Ross Mining – before returning to the UK to obtain an M.B.A. from the Universities of Manchester and Bangor. Peter joined John Hodder at CDC in 2000 and transitioned into Actis in 2004, becoming a partner in 2006 – working in mining finance in developing countries.
David Street read Economics at the University of Cambridge obtaining an M.A. (Hons.). David joined NM Rothschild & Sons in 1991 and had a 15 year career in natural resource banking with Rothschild and Société Générale, culminating in David becoming a Director of NM Rothschild & Sons Limited and Head of Mining and Metals in 2003. Subsequently, David spent five years as Managing Director of Endeavour Financial where he worked on financial advisory mandates for mining companies as well as working with Endeavour Mining, a mid-tier gold mining company, on its merger and acquisition activities, mainly in West Africa.
John Hodder is a geologist by background with a B.Sc. majoring in Geology and a B. Com. majoring in Finance from the University of Queensland. John spent ten years in the mining and oil and gas industries – LASMO, City Resources & CONOCO (UK) – before completing an M.B.A. at the London Business School. John established the Commonwealth Development Corporation (CDC) mining, oil and gas investment department in 1995 and was responsible for its activities for eight years. He joined Suncorp and Solaris in Australia as a fund manager focusing on the resources sector between 2006 and 2011, managing an index-linked natural resource portfolio of ~AUD$1.25bn.
Mark Palmer has a B.Sc. in Mining Geology from University College Cardiff and spent 12 years working in Australia, including 8 years with Dominion Mining. In 1994, Mark joined NM Rothschild & Sons Limited in the London mining project finance and hedging team assessing mines and projects globally. In 1997, he moved to the investment banking team at UBS to focus on global mergers and acquisitions, equity and debt financing in the mining sector. Mark ran the EMEA mining team at UBS for 8 years. In 2014, Mark joined Canaccord Genuity as Vice Chairman responsible for mining sector coverage.
Craig Foggo has over 12 years’ experience in mining working in both operations and finance. Craig’s field experience has included business development and study consulting roles in Singapore and the Philippines as well as assignments optimising and commissioning nickel beneficiation plants at both the Mt Keith (BHP Billiton) and Savannah mine (Panoramic Resources) in Western Australia. More recently Craig has worked as a mining analyst with London stockbroking firm RFC Ambrian and natural resources private equity fund manager, CD Capital. He has a B.Sc. in Extractive Metallurgy and B.Com in Accounting & Finance from Murdoch University in Western Australia.
Tim Dudley is a mining engineer and spent seven years in operations with Anglo American and Peabody Mining Services in Australia. He moved to the UK in 2006, working as a mining analyst initially at Arbuthnot Securities and then Collins Stewart (now Canaccord Genuity), leaving as Head of Mining Research in London. Tim has a B.Eng. in Mining (Hons.) from the University of Queensland, a Masters in Professional Accounting from the University of Southern Queensland and completed an Anglo American Management Development Program at the University of Stellenbosch Business School.
Chief Financial Officer
Paul Siveyer has 30 years of experience in financial operations and management in the Investment Banking and Alternative Investment sectors including overseeing fund administration, financial and regulatory matters. Additionally, Paul has worked in the mining sector as Chief Financial Officer for Alufer Mining Limited. Previously, he has acted as Chief Financial Officer for Sirius Investment Management and Cross Asset Management, prior to which he worked at Bankers Trust and JP Morgan. Paul holds a B.Sc. in Economics & Accountancy (Hons) from City University, London.
Carl is a mining engineer by background with strong experience as a senior investment professional. His unique set of skills were established through investment, corporate and technical roles covering over 17 years in the industry. Most recently Carl was Senior Natural Resources Analyst at the Duet Group and Vice President – Investments at Altus Capital. From 2006 to 2011, he was Business Development Manager at Avocet Mining PLC responsible for the company’s non-organic growth strategy. Carl’s operational and engineering experience includes projects in Africa, Asia, New Zealand and Australia. He has a B.Eng. in Mining (Hons. First Class) from the University of Queensland and a GC.Com (Finance and Accounting) from Charles Sturt University.