The extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars – and in many cases, billions – to take a project from exploration to production.
Using data provided by Miningintelligence, we have listed those that have raised significant amounts of capital year-to-date.
Leading the pack is Australia’s Newcrest Mining, raising nearly $782.5 million so far in 2020. The firm recently gave the go-ahead on an expansion of its flagship Cadia mine, which would consume a large portion of that funding.
The second and third places are also occupied by Australian companies: fertilizer and mining services firm Incitec Pivot ($389 million) and rare earths producer Lynas Corp. ($309 million).
Unsurprisingly, with the gold price riding high, gold mining companies and explorers have been successful in attracting capital and feature prominently on the list.
Top 20 mining companies by capital raised in 2020
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