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REVIEW OF 2011: Glencore IPO was the high, and low, of 2011
December 28, 2011 - 01:37 GMT
mining and metals
Central Asia Metasl
Ernst & Young
Key figures in mining and metals share their thoughts on the year gone by, as well as their expectations for 2012, with Metal Bulletin
Ungad Chadda, senior
vice president at TMX
Chadda, who works for the group
that owns the Toronto Stock Exchange (TSX) and TSX Venture
Exchange (TSXV), saw the year as largely positive for mining
companies traded there.
"Despite the market volatility
in the last half of 2011, mining companies listed on both the
TSX and TSXV appear to be resilient, and many have continued to
see success in raising capital," he said.
"On a combined basis, issuers on the TSX and TSXV have raised
C$10.9 billion [$10.6 billion] through 1,684 separate
financings events as of October 31, 2011," he added.
The figure is relatively flat
against the same period in 2010, during which $11.2 billion was
raised, despite the various economic challenges faced by miners
"While the total amount of
equity dollars raised has gone down, we have not seen a
significant drop," Chadda said.
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Euromoney Institutional Investor PLC.
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