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Resource Development Capital Ltd

Resource Development Capital Ltd
Based in
Active in
Targeted base metals, energy fuels

Resource Development Capital Ltd (RDI) is a private equity fund run by one of Australia’s richest individuals, Clive Palmer. His five billion dollar RCI accrued his wealth through iron/steel, nickel and energy exploitation - netting Palmer around A1.5 billion by mid-2008 [Herald Sun, 4 July 2008]. A plan to merge RDI with the mining holding company, Australasian Resources Ltd was pending in February 2009 [MJ 6 February 2009].