MINES AND MONEY: Miners must stand out from the crowd to secure funding - Standard Bank
Dec 09, 2011 | 11:16 AM
Miners must set themselves apart from their competitors in order to secure financing from a rapidly diminishing pool of capital, according to Vaughan Wickins, director of mining and minerals at Standard Bank.
“The key point is that the mining sector has numerous inherent risks, and a lot of those are on the technical side, but as we’re witnessing now, the financing side has a big impact,” Wickins told Metal Bulletin, on the sidelines of the Mines and Money conference in London.
“In times of volatility, it’s important for mining companies to ensure they are mitigating those risks, and then to look to bring on board experts,” he added.
This includes technical experts with knowledge and experience of the sector, Wickins said, as well as financial advisors.
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