Draft:Peter Bacchus

Bacchus graduated with an Economics degree from Cambridge University, and, after a short period with the British Government, joined Price Waterhouse in 1992 in London.{{Cite web |title=Peter Bacchus: in a nutshell |url=https://johnian.joh.cam.ac.uk/articles/peter-bacchus-in-a-nutshell/ |access-date=2025-05-22 |website=Johnian |language=en-GB}}{{Cite web |date=2013-01-09 |title=First Quantum takes Inmet bid to shareholders |url=https://www.cityam.com/first-quantum-takes-inmet-bid-shareholders/ |access-date=2025-05-22 |website=City AM |language=en-GB}}

In 1995, Bacchus joined Robert Fleming & Co, which was acquired by Chase Manhattan Bank in 2000, and shortly thereafter merged with JP Morgan.{{Cite web |title=BBC News {{!}} BUSINESS {{!}} Chase buys Fleming for £4.8bn |url=http://news.bbc.co.uk/2/hi/business/709222.stm |access-date=2024-11-27 |website=news.bbc.co.uk}}{{Cite web |title=BBC News {{!}} BUSINESS {{!}} US bank giants merge |url=http://news.bbc.co.uk/2/hi/business/923301.stm |access-date=2024-11-27 |website=news.bbc.co.uk}} Bacchus became a director in the M&A team at JP Morgan.{{Cite web |last=Ahuja{{!}}vivek_ahuja |first=Vivek |title=Bacchus hire adds support to Morgan Stanley mining team |url=https://www.fnlondon.com/articles/bacchus-hire-adds-support-to-morgan-stanley-mining-team-20060712 |access-date=2025-05-22 |website=www.fnlondon.com |language=en-GB}}

Between 2000 and 2006, Bacchus worked at Salomon Brothers, Inc., which was owned by Citigroup and became Citigroup’s Global Markets division.{{Cite web |date=23 May 2001 |title=Salomon name disappears into Citigroup |url=https://www.fnlondon.com/articles/salomon-name-disappears-into-citigroup-20010523 |website=Financial News}} Bacchus was appointed Co-Head of Asia-Pacific Diversified Industrials and Head of Mining and Metals, Australia, Asia & Africa at Citigroup.{{Cite web |last=Ahuja |first=Vivek |date=12 July 2006 |title=Bacchus hire adds support to Morgan Stanley mining team |url=https://www.fnlondon.com/articles/bacchus-hire-adds-support-to-morgan-stanley-mining-team-20060712}} Bacchus managed many of Citigroup's metals and mining transactions in Asia and Australia. In 2004, Bacchus acted as a strategic advisor to Chinese state-owned MinMetals on its attempted acquisition of Canada's Noranda.{{Cite web |date=2004-11-13 |title=Mine games |url=https://www.smh.com.au/business/mine-games-20041113-gdk3u5.html |access-date=2024-11-01 |website=The Sydney Morning Herald |language=en}} In 2005, Bacchus was defence adviser to WMC against an unsolicited offer from Xstrata and ultimately its sale to BHP.{{Cite web |date=2006-07-11 |title=Execs in bands are out of hand |url=https://www.smh.com.au/business/execs-in-bands-are-out-of-hand-20060711-gdnxno.html |access-date=2024-11-28 |website=The Sydney Morning Herald |language=en}}{{Cite web |last=Stephen |first=BellDow Jones |date=14 February 2005 |title=Australia Approves Xstrata's Bid For Mining Firm WMC Resources |url=https://www.wsj.com/articles/SB110810490209552332 |website=Wall Street Journal}} The deal was Australia's largest cash offer at the time, valued at US$7.7 billion. Bacchus was responsible for advising Fortescue Metals, helping secure US$2.5 billion in financing in 2006 to build strategic port, rail, and mine infrastructure in Western Australia.{{Cite web |last=Phaceas |first=John |date=2006-07-07 |title=Fortescue-Noble deal expected |url=https://www.smh.com.au/business/fortescue-noble-deal-expected-20060707-gdnws6.html |access-date=2024-11-29 |website=The Sydney Morning Herald |language=en}}

In 2006, Bacchus moved to Morgan Stanley in London and became Managing Director in Morgan Stanley’s Global Basic Materials Group and Global Head of Metals and Mining investment banking activities.{{Cite web |date=16 March 2011 |title=Jefferies hires two Morgan Stanley execs |url=https://www.reuters.com/article/markets/jefferies-hires-two-morgan-stanley-execs-idUSL3E7EG2E7/ |website=Reuters}} During this period, Bacchus acted as a defence adviser to Rio Tinto in relation to the unsolicited pre-conditional offer from BHP. The deal was valued at US$147.4 billion and was the largest ever proposed transaction in the mining sector at the time.{{Cite web |last=Werdigier |first=Julia |date=November 8, 2007 |title=BHP Billiton pursues Rio Tinto to create a mining behemoth |url=https://www.nytimes.com/2007/11/08/business/worldbusiness/08iht-mine.4.8253762.html |website=New York Times}}

In 2011, Bacchus moved to Jefferies as Joint Head of European Investment Banking and Global Head of Metals and Mining Investment Banking.{{Cite web |last=Denina |first=Clara |date=March 24, 2016 |title=Jefferies' global head of metals and mining Bacchus steps down |url=https://www.reuters.com/article/world/jefferies-global-head-of-metals-and-mining-bacchus-steps-down-idUSKCN0WQ1R0/ |website=Reuters}}{{Cite web |date=2011-03-18 |title=Jefferies raids Morgan Stanley for IB build-out |url=https://www.globalcapital.com/article/28mvmqjijk3zoe2xnrrpc/fig/jefferies-raids-morgan-stanley-for-ib-build-out |access-date=2024-11-28 |website=GlobalCapital |language=en}} At Jefferies, Bacchus advised First Quantum Minerals on its C$5.1 billion hostile public takeover of Inmet in 2013, which created one of the biggest global producers of copper at the time.{{Cite web |last=Gordon |first=Julie |date=March 22, 2013 |title=First Quantum wins $5 billion battle for copper rival Inmet |url=https://www.reuters.com/article/business/first-quantum-wins-5-billion-battle-for-copper-rival-inmet-idUSBRE92L0G9/#:~:text=TORONTO%2FLONDON%20(Reuters)%20%2D,world's%20largest%20untapped%20copper%20deposits |website=Reuters}}{{Cite web |date=2013-03-22 |title=First Quantum takes over Inmet: a new copper giant is born |url=https://www.mining.com/first-quantum-takes-over-inmet-a-new-copper-giant-is-born-54827/ |access-date=2024-11-28 |website=MINING.COM |language=en-US}}{{Cite web |date=2013-01-09 |title=First Quantum takes Inmet bid to shareholders |url=https://www.cityam.com/first-quantum-takes-inmet-bid-shareholders/ |access-date=2024-11-28 |website=City AM |language=en-GB}} Bacchus also oversaw the bank's acquisition of the Hoare Govett corporate broking franchise.{{Cite web |date=5 March 2012 |title=Financial News |url=https://www.fnlondon.com/articles/bacchus-helps-jefferies-hoare-govett-win-first-client-post-merger-20120305}}{{Cite web |last=Turner |first=Giles |date=5 March 2012 |title=Bacchus toasts first broker win at Jefferies Hoare Govett |url=https://www.fnlondon.com/articles/bacchus-helps-jefferies-hoare-govett-win-first-client-post-merger-20120305 |website=Financial News}}

In 2016, Bacchus stepped down from his positions as Global Head of Metals and Mining and Co-Head of European Investment Banking to establish an independent advisory and ventures firm, Bacchus Capital Advisers Limited (“BCA”).{{Cite news |date=2016-03-24 |title=Jefferies Global Mining Head Bacchus Said to Step Down From Role |url=https://www.bloomberg.com/news/articles/2016-03-24/jefferies-global-mining-head-bacchus-said-to-step-down-from-role?embedded-checkout=true |access-date=2024-11-28 |work=Bloomberg.com |language=en}}

Bacchus is Chairman and Chief Executive of BCA, an investment and merchant banking firm.{{Cite news |last=Yeomans |first=Jon |date=2018-06-04 |title=Ex-City banker readies £150m float of uranium venture Yellow Cake |url=https://www.telegraph.co.uk/business/2018/06/04/ex-city-banker-readies-150m-float-uranium-venture-yellow-cake/ |access-date=2024-11-01 |work=The Telegraph |language=en-GB |issn=0307-1235}} Bacchus founded BCA with: Richard Allan, former Managing Director and European Head of Mining and Metals at Jefferies, with whom he had worked with since Ord Minnett; Chris Johannsen, former Head of Mining and Metals Advisory – EMEA at Standard Chartered; and Paul Cahill, former Group Head of Business Development and Head of Strategic Relationships Management at Anglo American.

BCA has launched several companies under its ventures arm, including Yellow Cake plc, which it founded in 2017 as a uranium buy and hold vehicle to provide direct exposure to the price of physical uranium.{{Cite web |title=Yellow Cake secures strategic backer for London IPO |url=https://www.ft.com/content/3e60a4a8-6d94-11e8-92d3-6c13e5c92914 |access-date=2024-11-28 |website=www.ft.com |language=en-GB}} Yellow Cake completed a US$200 million initial public offering in 2018 on the AIM sub-market of the London Stock Exchange, during which it purchased the equivalent of 5% of the global marketed uranium production in 2016.{{Cite web |title=Milbank Advises on Yellow Cake IPO Valued at Approximately $200M |url=https://www.milbank.com/en/news/milbank-advises-on-yellow-cake-ipo-valued-at-approximately-200m.html |access-date=2024-09-09 |website=Milbank LLP |language=en}} As of August 22, 2024, Yellow Cake holds 21.7 million pounds of uranium,{{Cite web |title=Home |url=https://www.yellowcakeplc.com/ |access-date=2024-09-09 |website=Yellow Cake Plc |language=en-ZA}} and reached a market value of US$2 billion in the financial year ending 31 March 2024.{{Cite web |title=London Stock Exchange {{!}} London Stock Exchange |url=https://www.londonstockexchange.com/news-article/YCA/yellow-cake-plc-annual-results-for-the-year-ended-31-march-2024/16577018 |access-date=2024-11-27 |website=www.londonstockexchange.com |language=en}}

In November 2021, BCA founded the environmental carbon company, Green 14, in partnership with African conservation charity, Space for Giants. Green 14 focuses on restoring and protecting landscapes in Africa by creating carbon credits from conservation.{{Cite web |last=Gordon |first=Katie |date=2021-11-11 |title=Bacchus Capital Leading the Way for Carbon Credits in Africa |url=https://www.theassay.com/articles/company-exclusive/bacchus-capital-leading-the-way-for-carbon-credits-in-africa/ |access-date=2024-11-01 |website=The Assay |language=en}}{{Cite web |date=5 November 2021 |title=The Independent |website=Independent.co.uk |url=https://www.independent.co.uk/voices/campaigns/giantsclub/cop26-carbon-credit-to-protect-african-wildlife-b1952143.html}}

In December 2022, BCA established BG Gold to acquire Northquest and the Whale Cove project, formerly known as the Pistol Bay project, in Nunavut, Northern Canada.{{Cite web |title=BG Gold Corp. |url=https://www.bggold.ca/ |access-date=2024-11-28 |website=www.bggold.ca}} The Whale Cove project is a gold exploration project covering 842 km² with 2.4 million ounces of gold on the west coast of Hudson Bay.{{Cite web |date=2025-02-17 |title=BG Gold Announces Significantly Improved Mineral Resource |url=https://www.bggold.ca/pdf/2025-02-17_NR.pdf |website=www.bggold.ca}}{{Cite web |title=City mining veteran Bacchus raises £5m for Canada gold project |url=https://news.sky.com/story/city-mining-veteran-bacchus-raises-5m-for-canada-gold-project-13060838 |access-date=2024-11-01 |website=Sky News |language=en}}

Between 2014 and 2017, Bacchus served on the board of Nordgold as a Non-Executive Director and Chairman of the audit committee.{{Cite web |title=Nordgold Announces Changes to the Board of Directors |url=https://nordgold.com/media/news/nordgold-announces-changes-to-the-board-of-directors/ |access-date=2024-11-01 |website=nordgold.com |language=en}} Nordgold was an international gold producer operating a portfolio of mines located in Russia, Kazakhstan, Burkina Faso, and Guinea.

In 2016, Bacchus was appointed a Non-Executive Director of Gold Fields, a NYSE and Johannesburg listed international gold producer.{{Cite web |title=Gold Fields - Executive Directors |url=https://www.goldfields.com/executive-directors.php |website=Gold Fields}} Bacchus currently serves as chair of the Strategy and M&A Committee and chair of the Risk Committee.

From 2017 to 2021, Bacchus served as a Non-Executive Director of Kenmare Resources, an LSE-listed mineral sands producer with operations in Mozambique, acting as Chair of the Nominations Committee and as a Senior Independent Director.{{Cite web |date=April 16, 2018 |title=Notice of AGM |url=https://www.kenmareresources.com/application/files/8015/3149/3087/Notice_of_AGM_2018.PDF |website=Kenmare Resources}}{{Cite web |date=March 23, 2022 |title=2021 Preliminary Results |url=https://www.kenmareresources.com/application/files/1316/4797/9855/2022-03-23_KMR_FY_2021_Results_Announcement.pdf |website=Kenmare Resources}}{{Citation |title=Kenmare Resources |date=2024-03-30 |work=Wikipedia |url=https://en.wikipedia.org/wiki/Kenmare_Resources |access-date=2024-09-09 |language=en}}

From 2017-2021, Bacchus served as Non-Executive Director of ASX-listed Galaxy Resources, a lithium producer with assets in Australia, Canada, and Argentina, stepping down at that company's merger with Orocobre in 2021 to form Allkem.{{Cite news |date=25 August 2021 |title=Merger of Galaxy and Orocobre Implemented |url=https://announcements.asx.com.au/asxpdf/20210825/pdf/44zq6q3dbv53xw.pdf}}

In July 2021, Bacchus became Non-Executive Director of Trident Royalties, an AIM-listed diversified mining royalty company, before being appointed as Non-Executive Chairman in May 2024 until the completion of the acquisition of Trident Royalties by Deterra Royalties.{{Cite web |url=https://polaris.brighterir.com/public/trident/news/rns/story/x57d40w |access-date=2024-09-09 |website=polaris.brighterir.com}}{{Cite web |url=https://polaris.brighterir.com/public/trident/news/rns/story/w6v63kx |access-date=2024-09-09 |website=polaris.brighterir.com}}

Additionally, Bacchus serves as a Director, and former Chair, of the Africa-focused conservation charity, Space for Giants, which launched Green 14 with BCA. Bacchus has also served as the Chairman of 308 Services since 2017 and BG Gold since its establishment in 2022. Since September 2024, Bacchus is Non-Executive Director of Apex Royalties, a diversified mining royalty company.

Bacchus is also an adviser to the Board of Skylark Minerals, which in November 2024 brought in a new CEO, former CEO of Nordgold Nikolai Zelenski, and recapitalised the company.{{Cite web |last=Chiat |first=Josh |date=2024-11-01 |title=Resources Top 5: Russian gold boss flies into Ironbark |url=https://stockhead.com.au/resources/resources-top-5-russian-gold-boss-flies-into-ironbark/ |access-date=2024-11-29 |website=Stockhead |language=en-US}}