Financing a Gold Mining Processing Plant
Financing a Gold Mining Processing Plant Recently, there is an increase in the use of the public bond market to generate funds for Financing a Gold mining plant. The mining industries collectively issued about $1 billion worth of new paper. Historically, this vehicle had been used primarily by the base metals industry, where projects tended to be of sufficient size (roughly $100 million as a base) to justify their use. However, there have been some notable exceptions in the precious metals mining sector, such as the bonds issued by Newmont and Placer Dome, and the gold-backed issue by Normandy Poseidon of Australia in 1994, which had a highly innovative structure. Judging by the number of issues that have come to market so far this year, and those being planned, the use of bonds as a means to raise mining finance will continue to increase. The balance of the capital required comes by way of the debt market. The syndicated project loan market is vast and has been used successfully to