Miners turn to alternative finance to cut debt as downturn grinds on
#Glencore, the world’s third-biggest miner, is in talks to raise more than $1 billion in so-called “streaming” deals, coming on the heels of transactions by No.1 gold producer #BarrickGold and diversified miner #TeckResources.
More such deals are expected as #Shareholders, ratings agencies and lenders pressure miners to slash debt amid a gloomy #Commodity price outlook and as other debt-cutting tools such as asset sales, dividend cuts and share issues are not enough.
Read more at: http://www.reuters.com/article/2015/09/21/mining-denver-financing-idUSL1N11H1L620150921
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