London no longer a hub for big mining finance

London no longer a hub for big mining finance

LONDON’S centuries-old dominance as the world’s premier destination for mining finance is drawing to a close as investors increasingly favour Australia and Canada for backing resource ventures, said the UK’s Daily Telegraph. “The days of mining being financed from London are over,” one veteran broker told the newspaper. “This is the market that built Rio Tinto, Anglo American and Consolidated Goldfields. But all that has passed.” The numbers tel…