“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.”
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