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FROM THE CAPITAL
Miners face funding cost rises
The cost of capital for mine development is skyrocketing despite unprecedentedly low government bond yields, as signs of financial market dysfunction emerge.
The equity market has been undiscriminating in dishing out losses over the past two months. Sector leaders like BHP, Rio Tinto and Freeport-McMoRan have all lost 40-50% of their values between mid-January...
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