Capital markets and the mineral industry

Conference · Mon Jan 01 04:00:00 EST 1979 · Mater. Soc.; (United States)

OSTI ID:5852669

Coe, III, H E

The risks facing commercial banks which finance mineral projects are identified and the extent to which these banks seek out international projects is shown to reflect the depressed state of domestic projects in contrast to the high national priorities set by many foreign countries seeking to develop their economies. The largest sources of capital for these projects are the American commercial banks, although it is expected that this type of lending and the structure of the loans will differ from traditional mineral development loans because they will be serving as a catalyst to bring together diverse financing sources and will be negotiating the assignment of risks, especially that of inflation. Examples are drawn to illustrate how bank assessments have changed as a result of cost overrun risks. Technical, economic, political, legal, financial, and business factors all govern a bank's willingness to finance a project.

• Research Organization: Chase Manhattan Bank, New York, NY
• OSTI ID: 5852669
• Conference Information: Journal Name: Mater. Soc.; (United States) Journal Volume: 3:3
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290400* -- Energy Planning & Policy-- Energy Resources
AGREEMENTS
CAPITAL
ECONOMICS
FINANCING
INDUSTRY
INSTITUTIONAL FACTORS
INTERNATIONAL AGREEMENTS
LEGAL ASPECTS
MINERAL INDUSTRY
POLITICAL ASPECTS
RISK ASSESSMENT
TECHNOLOGY ASSESSMENT