Morgan Stanley

Morgan Stanley/Morgan Stanley Securities in June 2008 acquired a 4.11% stake in GCM Resources (see Polo Resources Ltd) [Hemscott 10 June 2008]; holds 7.25% of Neptune Minerals PLC (see CS Client Nominees (UK)) [Hemscott 13 February 2008]; and a 3.12% stake in Nufcor Uranium Ltd (see Deutsche Bank) [Hemscott 14 February 2008]. As of 5 March 2009 it was the second biggest shareholder (19.66%) in LonZim plc.

In May 2008, along with Goldman Sachs Group and UBS, it made a rights issue worth 9 billion Rand (approximately US$ 1.2 billion) on behalf of AngloGold Ashanti [Mining Weekly, 7 May 2008].

The same month, along with Goldman Sachs and JP Morgan, Morgan Stanley co-ordinated the London listing of central European coal giant, New World Resources NV [see RPG Industries SE.

In March 2009 it announced that, heading a syndicate with RBC Capital Markets, and including BMO Capital Markets, Scotia Capital Inc and UBS Secrities Canada Inc, it would underwrite the issue of 8.12 million common shares (at Cdn$ 37 per share) in First Quantum Minerals Ltd [MJ 27 March 2009].

As of February 2008 it was the third biggest shareholder (6.82%) in European Nickel PLC (see Prudential PLC); and in August 2009, held 6.97% of Anglesey Mining PLC (see Ambrian Capital PLC) [Hemscott 5 August 2009].

In November 2010, Morgan Stanley sold its stake in the "carbon offset project developer", MGM International Group, to Mercuria Energy Group which is one of the world's five largest independent energy traders, located in Geneva [Mercuria news release, 3 November 2010].

Morgan Stanley Nominees holds 5.46% of Mariana Resources Ltd (see CS) [Hemscott 12 February 2008].

In July 2009, Sterlite Industries, controlled by Vedanta Resources, raised $1.5 billion through an American Depository Receipt (ADR) issue, to part-finance its power generation plans and other programmes, as well as enable Vedanta to retain its stake in Sterlite at over 60%. JPMorgan and Morgan Stanley were the joint bookrunners for the issue which, according to Sterlite/Vedanta’s Anil Agarwal, was “the first in a series of measures that would soon include acquisition of mining assets in Africa and Central America” [Economic Times, 17 July 2009].

On the eve of the 2011 climate change conference (Conference of Parties) held in Durban, South Africa,four organisations (urgewald of Germany, BankTrack, and South Africa groups Earthlife Africa and groundWork)identified the Bank as the fourth heaviest financier of coal fired electricity and coal mining in the period 2005-2011. According to their report, the bank had released 11,514 million euros of such funding [Bankrolling Climate Change, urgewald et al, 2011].