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Financial evolution

Last week, Berkeley Energia (LN:BKY) told investors it would partner with a sovereign wealth fund, which had agreed to invest US$120 million to complete financing for its Salamanca uranium development in Spain. It was a deal that looks very different to the one Berkeley and similar juniors would have been doing only 10 years ago.

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The financing of the mining sector looks very different today than it has in the past

Granted, 10 years ago marked the onset of the credit crunch but, by and large, mining finance was resilient. This was thanks largely to the Chinese juggernaut that initially took the financial c...