Private equity offers miners temporary funding alternative

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 549, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "Many people have lost their money [in mining investments] over the last five years," [Bert Koth] said, adding that it was hardly surprising that people were shy of sinking capital into the industry.

    "Last year saw a two-tier capital market for the mining sector," [Lee Downham] observed, saying that very little had been raised from IPOs, meaning that companies were looking to non-traditional capital sources such as bonds, mergers and acquisitions to generate cash.

    The movement of private funds into mining projects "will last for no more than two to three years", Downham said, "by which time, we expect major mining firms to be sitting on a strong cash position".