| From Theglobeandmail.com: Already bloodied by the crash in commodity prices, Canada's mining sector is now being hit by rising borrowing costs charged by the major banks, making it even tougher for miners to obtain sorely needed capital.
FNX Mining Co. Ltd., which extracts copper, nickel and precious metals in Sudbury, said yesterday that it is cancelling a $100-million (U.S.) line of credit facility with a syndicate of banks because they are charging too much in interest and fees..... Full Article: Source
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