Private Equity to Get Involved in Mining Sector?
Peter Koven writes in the Financial Post, that private equity firms are raising funds to get involved in the mining sector.
Howard Burshtein, a partner at Baker & McKenzie LLP, said private equity firms could raise $10-billion to $15-billion for mining investments in 2013. That builds on the $8.5-billion that eight mining-focused funds raised in 2012. By comparison, Canadian miners are expected to raise roughly $2-billion on the equity markets this year, down from a five-year average of $9.3-billion.
It won’t be a permanent source of capital for the mining sector but its certainly a source of capital that is badly needed at present.