“We are hopeful that this is the bottom of the cycle for capital raising—EY Global Mining & Metals Transactions Leader Lee Downham.
by Dorothy Kosich, MineWeb.com
While low valuations, divestitures and cash-strapped juniors have set the stage for a buyer’s market, mining and metals companies aren’t necessarily biting.
In a report on mergers, acquisitions and capital raising in mining and metals for 1H13 made public Monday, EY suggests non-traditional investors—primarily state-backed investors and financial investors, such as private capital and investment funds—are “increasingly targeting the resources sector as valuation have plummeted, in an attempt to capture upside once confidence returns to the sector.”
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