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Access to capital major constraint on coal growth, says RBC

Canadian financing activity for coal projects has fallen off a cliff in the past decade with equity financings almost non-existent since 2012, and the only flicker of activity being mergers and acquisitions activity in the coking coal sector, RBC Capital Markets director for global mining & metals investment banking Michael Scott told an industry conference in Vancouver this week.

Access to capital major constraint on coal growth, says RBC Access to capital major constraint on coal growth, says RBC Access to capital major constraint on coal growth, says RBC Access to capital major constraint on coal growth, says RBC Access to capital major constraint on coal growth, says RBC

Canadian financing activity for coal projects have fallen off a cliff in the past decade

The cumulative market capitalisation of all global coal companies was US$50 billion in 2010, declining below $5 billion through 2015, where it is still languishing today.