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Noble Group, TPG And X2 Partners Announce Investment In Mining Venture, X2 Resources, To Pursue Opportunities In The Mining And Metals Sector

The detailed agreements in principle are non-binding and are subject to definitive documentation.

Further announcements will be made as necessary.

Goldman Sachs International acted as financial adviser to X2.

Notes to Editors:

About Noble Group

Noble Group (SGX: N21) manages a portfolio of global supply chains covering a range of agricultural and energy products, as well as metals, minerals and ores. Operating from over 140 locations and employing more than 70 nationalities, Noble facilitates the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, the Group supplies high growth demand markets, particularly in Asia and the Middle East. In order to ensure the integrity of its supply chains, the Group has a portfolio of interests in strategic logistics and processing assets which form an integral part of facilitating its key trade flows. Noble is ranked number 76 in the 2013 Fortune Global 500.

About TPG

TPG is a leading global private investment firm founded in 1992 with $55.3 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, São Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm's investments span a variety of industries, including a wide range of energy sector businesses, as well as industrials. For more information visit

This announcement is being made for information purposes only and is not intended to be, and must not be taken as, the basis for an investment decision or any investment activity.  This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any interest in X2 Resources or  any other entity, or any other securities  in any jurisdiction including the United States ,  nor shall it form the basis of, or be relied  upon in connection with, any contract or investment decision.  Securities may not be offered or sold in the United States absent a registration statement or an exemption from registration .


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