Mining companies still keen on IPO
March 3rd, 2008
Filed under: General News
From: ManilaStandardToday.com
By Othel V. Campos
Mining companies are still willing to go public to raise funds despite a weak stock market.
“There is no slowing down in the demand for commodities, particularly mining,” said Patrick Loftus Hills, UBS managing director for investment banking in Asia.
Hills, in a presentation during the 8th Mining Industry Lecture Series in Intercontinental Makati, told mining companies that an initial public offering remained an attractive option to generate funds.
Sustained and the continued appreciation of metal prices worldwide was a good reason to invest in mining projects, he said.
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