In the face of turbulent commodity prices, conventional funding routes for mining companies have either closed or become problematic. Paul Mitchell, Falcon Group’s Australia and New Zealand Regional Head, explains how specialist financiers can help.
THERE was heartening news for mines at the recent BME Annual Drilling and Blasting Conference in South Africa, with views that commodity prices may be turning, and news of innovations that will save mines money as they struggle to stay profitable.
TWO Australian leaders in mining research – CRCMining and CSIRO Mineral Resources – have joined forces to create mining innovation powerhouse, Mining3. Headquartered in Brisbane, Mining3 integrates all CRCMining activities and CSIRO’s hard rock mining research capability into a single, industry-focused entity.
GLOBAL energy markets will need around $50 trillion in new investment to fund expected growth in energy demand over the next two decades, according to Rio Tinto non-executive director and former CSIRO chief executive Dr Megan Clark. The energy market is expected to grow by 40% through until 2035 with that higher consumption continuing to rely in part on baseload fossil fuels.