| Once darlings of the Australian mining boom, small and middle-tier prospectors are now running low on cash as commodities markets lose their lustre, pushing miners to look near and far for funds to keep afloat.
Seven out of 10 miners in Australia will need some form of funding within the next year, according to a survey by consultant Grant Thornton of firms with a market value of less than A$500 million ($520.48 million). Some companies, already mired in debt, are venturing overseas for financing. Others are trying their luck in the capital markets, which have become more difficult this year...............................................Full Article: Source
|