Political certainty at the heart of African mining investment, says SNL
- Autores: Laura Syrett
- Localización: Industrial Minerals, ISSN 0019-8544, Nº. 572, 2015 (Ejemplar dedicado a: Mayo)
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
This task is particularly challenging, [Chris Hinde] conceded, given the broader tough market conditions. According to SNL's December 2014 "State of the Market" quarterly report on the global mining sector, financing for mining projects in the final quarter of last year stood at $13.9bn, down from $22.08bn in the prior quarter.
With regard to the question of Ebola, Hinde said that when the outbreak was at its height around six months ago, many investors "cried off" African mining, particularly for projects in West Africa, which was hardest hit by the disease. Now, with epidemic seemingly under control, Hinde believes that investor sentiment is improving.
He stressed, however, that for good deposits with sensibly costed development plans, miners "should be able to live with current prices", while new explorers would "be able to start from scratch" and work out profitable business models in a lower price environment.
