All hail king debt!

THE cost of mining capital has increased, equity investors in some markets won’t touch explorers with a barge pole, and private equity is more interested in buying up producers than juniors. That has certainly made life for the latter group very tough indeed, a mining investment audience in London has heard.

All hail king debt! All hail king debt! All hail king debt! All hail king debt! All hail king debt!

Is the junior mining funding well running dry?

"I fear [junior] mining companies will just not get funded," Julian Treger, CEO of London-listed mining royalty company Anglo Pacific Group, said.