Mining companies tap alternative credit sources as lockdowns, low prices hit cashflow

By IM Staff
Published: Thursday, 07 May 2020

Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns have restricted cashflow.

By Archie Hunter

Peru, Mexico, Bolivia, Ecuador, the Democratic Republic of Congo and South Africa are among major mining nations to order mine closures as part of countrywide lockdowns designed to protect against the spread of the Covid-19 disease.

Cashflow-limiting closures come at a time when banks have become cautious...

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