Project Financing for Mining & processing Plants.
Project Financing for Mining & processing Plants. To compete in this new world of lower prices and negative sentiment, companies are closing high-cost mines and restructuring operations in order to streamline their corporate structures. Even as they struggle in the face of this ‘new world order’, companies continue to display a serious appetite for debt and equity financing in their quest to bring new projects into production. In the hunt for new projects, according to a recently released industry report, spending on non-ferrous mineral exploration surged from $2.1 billion in 1992, to a record $5. 1 billion in 1997. Altogether, this brings the mining industries current annual expenditure on exploration, merger and acquisitions, and capital projects to approximately $60 billion. Determining the financial requirements of Mining Projects Within the spheres of gold mining industry, about $3 billion generated per year as profits on existing operations and income from gold hedging. It