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Mining

Vale Scoops Up USD1.5bn in Cross-Border Bond Outing

Vale Overseas, a special purpose vehicle set up and owned by Brazilian mining giant Vale, raised USD1.5bn in the international capital markets this week.

8 Jul 2020

Deals Bips & Pieces Americas

Analysts Pare Back Price Assumptions on Metals as Economic Activity Drops

Lower economic activity following the introduction of lockdowns in many countries has prompted analysts to reduce their short-term price expectations on a range of metals, which could harm the prospects of a wide range of emerging markets.

7 Apr 2020

South Africa’s Mining Sector Production Continues to Fall – Standard Bank

South Africa’s mining sector suffered a drop in production during 2019, following an equally disappointing performance in 2018, according to a report from Thanda Sithole, an economist at Standard Bank. Production fell by 1.4% year-on-year in 2019, after a 1.9% decline in 2018.

18 Feb 2020

Latin America 2020: The Good, The Bad, and The Ugly

Take a good look at Latin America’s 21 countries today, and one quickly concludes that this is not a region moving in unison but rather a patchwork of divergent political and economic motors firing at different speeds, taking each in different directions. Rarely has it been this challenging to analyze Latin America as a whole, so it seems appropriate to showcase Latin America’s differences…

11 Feb 2020

Drivers of Gold-Mining Sector Consolidation and Impact on Smaller Companies

On the surface, all the typical omens of a bull rally in metals seem present: a drop in the dollar index, disappointing economic and jobs data in the US, and the escalating geopolitical tensions in key locations like Iran and Venezuela – which have pushed investors towards safe haven assets and pushed the price of gold up. The trend is likely to bolster further consolidation in the mining sector,…

2 Jul 2019

Off the Record: Peru’s Miners See CSR, ESG, Innovation as Key to Unlocking Funding

As Brazil braces for another tailing dam collapse, Miners & Investors talked with Peruvian majors’ CFOs and their investors about the industry’s challenges and opportunities for the year ahead. Majors demonstrated healthy financing positions with low expansion pipelines; juniors, on the other hand, continued to explore alternative financing in a dry equity market. All made mention of social…

12 Jun 2019

Latin America Loan Market Heats Up as Hard Currency Liquidity Comes into Focus

Latin American borrowers continue to see strong demand from lenders and investors following a hectic year of elections in many of the region’s largest economies. We speak with Mauricio Voorduin, Managing Director, Latin America Regional Head; David Costa, Managing Director, Head of Latin America Finance; Sara Pirzada, Managing Director, Loan Syndications; and Mark Tuttle, Managing Director, DCM…

26 Apr 2019

CASE STUDY: Lundin Gold Opens Up Ecuador to Project Finance with USD350mn Dual-Tranche Facility

The funding for the project, Lundin Gold’s sole venture in the country and its key source of revenue there, featured a one-of-a-kind structural solution that required extensive collaboration and negotiation between the financing parties and the sponsor.

15 Jan 2019

Political Volatility Breaks Wave of M&As in Latin America

The first half of 2018 has seen a record-breaking volume of corporate consolidation across the globe, and Latin America has become a prominent setting for such activity. The latest slowdown in M&A activity is thought to be stemming from the peak of elections-related volatility, from Mexico to Brazil, and most expect business to continue as usual once the dust settles.

15 Nov 2018

Political Certainty, Sound Economics to Propel LatAm Infrastructure Opportunity Forward

As a region often faced with political and currency volatility – this year more than others in recent time, perhaps – Latin America has seen impressive growth in the volume and range of investment opportunities across the region’s infrastructure landscape.

9 Nov 2018

Nexa Resources CFO: “Brazilian economy has been a positive story, though it’s not homogenous”

Latin American miner Nexa Resources – which recently rebranded from Votorantim Metais – has in the past year completed its dual stock exchange listing, weathered a period of low commodity prices and mining sector strikes in Latin America, and maintained strong fundamentals to step confidently into the new financial year. We speak with Mario Bertoncini, the company’s Senior VP and CFO, about its…

9 May 2018

Lundin Gold CFO Alessandro Bitelli on Financing Mining Projects in Ecuador

Alessandro Bitelli, Executive Vice President & Chief Financial Officer at Lundin Gold, a Canadian gold miner, talks about the company’s Latin American ventures, a USD300mn deal to finance a project in Ecuador, a further loan syndication and a USD400mn equity transaction, as well as broader market outlook and the impact of politics.

1 May 2018

SWOT Analysis: Projects, ECA and Structured Finance in MENA

In advance of our Project, ECA and Structured Finance Middle East & Africa 2018 conference and forthcoming special report on the subject, Bonds & Loans visited the region to meet with a broad range of finance leaders in order to gain a sense of the risks and opportunities on the horizon.

22 Mar 2018

Latin America Deals of the Year Awards 2018: The Winners

The issuers, borrowers and mediators of the most innovative and outstanding debt capital market deals on the continent to be lauded at the prestigious awards ceremony. Winners: Latin America Deals of the Year Awards 2018

16 Feb 2018

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