Resumen de Junior mining: : Back from the brink?
Industrial Minerals
[...]while investors are still wary of high risk investments, the strong performances of mining shares on global stock exchanges suggest that equity markets are confident the recovery in commodities demand is sustainable. Figures for Canada's Toronto Venture Exchange (TSX-V), the world's biggest exchange for junior mining equities on which around half of all the volume traded is made up of mining stocks, show a 35.6% year on year increase in total financings raised to Canadian dollar (C$) 4.6bn ($3.5bn*) during the first nine months of 2016. In December, the S&P/ASX 300 Metals and Mining Index on the Australian Securities Exchange (ASX), the second largest market in the world for mining listings, achieved its highest intraday value since 2014 and climbed by 53% over the course of 2016, its first annual rise since 2010. At the Mines and Money London Conference in December 2012, fund managers confidently predicted that a shortage of capital would lead to a wave of consolidation in the mining industry. [...]M&A in the sector has practically stalled. First phase drilling at Savannah's Mozambique mineral sands project, which is a JV with Rio Tinto - one of the few deals struck between a junior and a major since the collapse in mining investment.
