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Access to capital major constraint on coal growth, says RBC

Canadian financing activity for coal projects has fallen off a cliff in the past decade with equity financings almost non-existent since 2012, and the only flicker of activity being mergers and acquisitions activity in the coking coal sector, RBC Capital Markets director for global mining & metals investment banking Michael Scott told an industry conference in Vancouver this week.

Henry Lazenby in Vancouver
Canadian financing activity for coal projects have fallen off a cliff in the past decade

Canadian financing activity for coal projects have fallen off a cliff in the past decade

The cumulative market capitalisation of all global coal companies was US$50 billion in 2010, declining below $5 billion through 2015, where it is still languishing today. In contrast the cumulative Canadian...

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