Mining activity index hits 3-year low in early ’13: SNL

Mar 25, 2013 | 11:17 AM | Claire Hack

Tags  mining, mining activity index, SNL MEG, financing, junior miners, exploration, base metals, precious metals Claire Hack

LONDON — Mining pipeline activity declined significantly in the first two months of 2013, according to research and analysis company SNL Metals Economics Group (SNL MEG).

The company’s Pipeline Activity Index, which measures the level and direction of activity in the base and precious metals supply pipeline, for January and February fell 43 percent vs. October 2012 levels, representing a three-year low.

In January and February, 80 financings were completed, the lowest two-month total since early 2009, SNL MEG said. Equity financings in February totaled less than $300 million, including just $67 million for base metals, it added.....

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