No surprises please, investors tell miners

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 580, 2016 (Ejemplar dedicado a: Febrero)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • [Judith Mosely] explained that the "last thing a bank wants is to move in and take ownership of a property". She conceded that institutional lenders were "proceeding extremely cautiously" when it came to investing in mining projects, but insisted that well managed businesses with promising assets would be assisted to remain afloat.

    Noreen Doyle, independent vice chair of the board of directors at Denver, US-headquartered gold miner Newmont Mining Corp., agreed that mining boards needed to be responsible stewards of company financing, but pointed out that some of what banks might consider to be "surprise elements" are beyond the control of even the best-run businesses.

    Rhona O'Connell, head of metals research and forecasting at Thomson Reuters, said that the mining industry would "always be under some kind of pressure" given the cyclical nature of commodities markets and predicted 2016 would be "a year of hard grind".