With the Eurozone crisis plunging the worlds economy into a second phase of financial turmoil and, as a result, an extremely varied M&A landscape, miners are bracing for an unpredictable time in the traditional debt and equity markets. Amidst the uncertainty, though, more miners are harnessing alternative financing strategies to move their projects forward."It is about optionality these days," says Lee Downham, partner in charge, global mining and metals, transaction advisory services at Ernst & Young. "You need to keep all of your funding options open and not necessarily expect that you can fund in the traditional equity and debt markets.
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