Over the years, the Mines and Money event series has witnessed some significant changes in the sources of funding for mining projects and at Mines and Money London in December, we’ll again keep track of the latest trends and updates from across the mining investment industry.
In this report, PwC tracks recent trends in alternative mine financing which you can view with a Mines and Money account.
Overview from PwC:
With mining stocks lagging the world share indices and bank financing still difficult to achieve, conventional funding routes for mining companies are closed or problematic for now. Because of this, the current high levels of interest from the global mining community in sources of alternative funding is no surprise, but what are the options and risks, the opportunities and experiences of those seeking alternative funding?
From our findings and experience we have identified:
1. The rise of South Korea as a source of investment
2. The likelihood of convertible bonds becoming mainstream in the UK in the near term
3. The relative importance royalty & streaming has to raising finance today
The due diligence requirements for alternative finance sources differ from those of a pure equity raise. We examine the information requirements of major alternative finance sources and the level of intrusion on management.
PwC is a Platinum Sponsor of Mines and Money London, which takes place December 1-5. PwC’s UK Mining Leader, Jason Burkitt, will take part in a panel discussion on Tuesday 3 December called ‘Sourcing Liquidity: Where are miners finding funding?’. Download the programme to find out more.
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