Globally, the mining sector is benefiting from strong fundamentals, including long term commodities demand growth and constraints in bringing additional supply to market. These constraints include low inventories, long lead times for the development of new mines and a greater industry discipline.

Discovery and development is emerging as the area of opportunity for new players. Due to recent consolidation in the industry, the largest players are now more dependent upon asset acquisition to support long term growth. Mid-tier players who execute on exploration and development opportunities will deliver the highest returns to investors within the industry.

Russia, the countries of the former Soviet Union and India are relatively under-explored yet resource rich. These areas offer significant development opportunities. As a partner of choice in these geographies, SUN is developing investments in the mining sector both through its private equity franchises and through the development of its subsidiary, SUN Mining.