“Mining companies continue to struggle to raise capital as a new report shows mining finance dropped 56% in the second quarter. Falling metal prices, nervous banks and risk-averse investors are the main reasons behind the lack of capital, said IntierreRMG. The company said that second quarter finance figures totalled $2.28 billion compared to $5.16 billion in the first quarter of 2013 and $6.12 billion in last year’s comparative quarter.  The report stated that producers were the hardest hit with the fall of almost 65% from the largest companies; they saw financing drop from $3.71 billion to $1.24 billion.”

http://www.kitco.com/news/2013-08-05/KitcoNews20130805AL_mining-finance-drops-56-percent-intierrarmg.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy