Sir Mick Davis, chief executive and treasurer of the U.K.’s Conservative Party and former CEO of Xstrata, has set up a new company, Niron Metals. Davis is listed as one of three directors of the company, alongside Varda Shine and Marcos Camhis, according to filings with U.K. Companies House.

Shine is a former CEO of The Diamond Trading Co., a De Beers Group company, and Camhis is the founder and CEO of FOS Asset Management SA.

Niron Metals was incorporated on June 12, 2018, and lists its office in London.

Niron Metals will explore opportunities around the world in industrial materials, such as nickel, zinc and copper, as reported by the Telegraph.

Davis spent 12 years as the CEO of Xstrata before it was purchased by Glencore. Prior to this, he served as the CFO of Billiton. He also recently joined the board of Arq, a startup company that is using patented technology to convert coal into liquid fuels.