Metals & Mining: Beyond the deep

Metals & Mining: Beyond the deep

Bonds Loans Equity

By Karen SchwartzToronto-based Vena Resources is one of a number of like-minded companies exploring locations across Peru to set up mines. The firm is hopeful that someday soon, it can turn one such site into a profitable operation. But as markets turn against the industry, its goal has just become a lot harder. Miners across the region are suddenly grappling with falling metals prices, having already been stung by increasing competition and rising salaries. Concerns over an economic downturn in China – long the driver of demand for the industry – are quashing hopes that metals prices will recover any time soon. β€œIt has become very, very difficult for exploration companies to survive

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