As global investors shift away from heavy industry in favor of cleaner sectors, ...
CAPE TOWN - As global investors shift away from heavy industry in favor of cleaner sectors, mining companies are losing billions in financing, raising the cost of capital and jeopardizing projects.
Environmental, social & governance concerns have driven money into specialized ESG funds which often exclude mining stocks among other ‘dirty’ assets. “You talk to anyone at the moment, they say there’s no money,” said Boris Kamstra, executive director of Alphamin Resources, which manages the Bisie tin project in Democratic Republic of Congo.
“Previous investors who would provide equity appear to have withdrawn. A number of specialist funds have shut up shop, and generalists aren’t investing in commodities anymore,” said Donally, who will be attending Mining Indaba, the world’s biggest mining investment conference, which takes place Feb. 3-6.
“If you’re a small coal explorer, I don’t think you stand much of a chance of raising any money at all,” said Fred White, associate director at Medea Capital Partners in London.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China urges coal miners to resume production to keep market suppliedChina National Energy Administration on Saturday urged coal miners to resume pro...
Consulte Mais informação »
Trump environmental policies, Nike's Kaepernick campaign among catalysts driving millions into ESG fundsThe Trump administration's environmental policies, Nike's ad campaign with Colin Kaepernick and international interest have sparked meaningful gains in U.S.-based funds investing in environmental, social and governance factors, industry pros say.
Consulte Mais informação »
China urges coal miners to resume production to keep market suppliedChina National Energy Administration on Saturday urged coal miners to resume pro...
Consulte Mais informação »
Jim Carrey will do a sequel to The Mask but only under one conditionThe actor found fame as banker Stanley Ipkiss, who turned into a green-headed gangster after discovering a green mask in the 1994 hit movie
Consulte Mais informação »
Lemon Chicken and Kale SoupThis healthy chicken soup recipe gets an extra burst of flavor from fresh lemon juice. Bonus: it's ready in just 30 minutes.
Consulte Mais informação »
'One of the worst incidents in American history': Family of handcuffed man fatally shot by officer demands justiceFamily of handcuffed man fatally shot by Maryland police officer demands justice, calling the incident 'one of the worst' in American history.
Consulte Mais informação »