Mining activity index hits 3-year low in early ’13: SNL
Mar 25, 2013 | 11:17 AM
| 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 companys 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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