Due to a turbulent global economy, equity financing for the mining industry has almost dried up with a steady decline in the volume of fundraising as 2011 progressed but, according to Ernst & Young, there is light at the end of the tunnel for junior mining companies worldwide. Speaking at the annual Mines & Money London conference at the British Design Centre in London, Lee Downham, Ernst & Young's global head: mining transactions, said that, despite the value of junior follow-on equity fundraising falling significantly during the year, volumes were actually higher than they were in 2010.
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