Copying and distributing are prohibited without permission of the publisher

REVIEW OF 2011: Glencore IPO was the high, and low, of 2011

December 28, 2011 - 01:37 GMT Location: London

KEYWORDS: review , 2011 , mining and metals , Ungad Chadda , TSX , Nick Clarke , Central Asia Metasl , David Russell , 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 globally.

"While the total amount of equity dollars raised has gone down, we have not seen a significant drop," Chadda said.

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)