COLLABORATION
Mining firms look to innovative project-financing options
Mining companies, which are extremely cautious about adopting new technologies, are throwing themselves into innovative funding mechanisms
Mining companies, which are extremely cautious about adopting new technologies, are throwing themselves into innovative funding mechanisms to bring assets into production as traditional sources of finances have either dried up or become too expensive. Mike Seeger, a director at MX Mining, and Gregory Nott, the head of law firm Norton Rose Fulbright SA, spoke last week of the collaboration between resource investment companies and the increasingly changing environment for law firms as the basis for their relationship that has secured a $500m pipeline of projects stretching from coal to precious metals in SA and further afield. "Look at the mining landscape now, there are mothballed mines across the country, gold, chrome, coal," Seeger said. "There are mining projects that have mining rights and are fully permitted, but they can’t get finance. SA is littered with projects going nowhere. "The gap we’ve seen is that these mines and projects cannot be financed through traditional means b...
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