Loading ...Mine financing: 2015 off to dismal start
A new report by SNL Metals & Mining shows mining financing in the first quarter of the year coming in nowhere near the capital raised in 2013 and 2014.
SNL’s research runs the gamut of metals and mineable commodities – from precious and base metals, iron ore, uranium, coal, potash/phosphates to specialty metals such as rare earth elements, graphite and lithium.
The $39.89 billion raised in 2014 was a 4% improvement over 2013, but is still nowhere near the boom days of 2007 to 2009 when more than $100 billion were raised on equity and debt markets for mining projects.
But the first three months of this year has been dismal even compared to the depressed levels of recent years.
Less than $500 million were raised in January and although there was substantial pickup in February and March, 2015 overall could be another very bad year.
more http://www.mining.com/mine-financing-2015-off-to-dismal-start/