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