Investment adviser Appian Capital Advisory has offered to provide short-term and flexible financing solutions across the capital structure of mining companies with near-term balance sheet pressures and liquidity concerns as a result of the Covid-19 outbreak.
“We are conscious that the broader mining industry is already under pressure. There has been a demand shock and prices have fallen. Restrictions on the movement of people have forced companies to change working patterns. Supply disruption could increase further if the virus spreads to key commodity producing regions in Latin America and Africa.