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Goodmans Publications

Under the Rocks are the Words

January-27-2015

Lawyer Kari MacKay
Area Mining and Natural Resources

Summary

The capital-intensive mining (and resource extraction) industry has always focused on developing creative alternatives for project financing.  Traditionally, debt and equity financings and alliances with alternative investors (including sovereign wealth funds) have been employed to finance mining projects.  In the past decade, the increasing sophistication of portfolio optimization and alternative financing strategies and the market realities of volatile commodity prices, enhanced geopolitical risk, and contracting economies have led to the development of popular new forms of financing: metal streaming and royalty transactions.

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