| The value of cash held by London Stock Exchange-listed mining companies fell by £1.1bn in the last year, according to research released today by Banc De Binary. The findings show a fall in cash reserves across all LSE-listed mining companies from £24.3bn to £23.2bn over the last 12 months. A drop of £780m was recorded in FTSE 100 mining companies.
Banc De Binary, a binary options trading platform, has said weak global demand for raw materials and falling commodity prices affecting mining profitability have prompted the turn towards available cash reserves. It stresses that, although the fall in cash reserves may appear modest, it is significant that a noticeable reduction in cash balances has begun...............................................Full Article: Source
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