Troilus Gold brings potential funding from ECAs to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
In an interview with Bloomberg TV, Evy Hambro, portfolio manager with BlackRock Inc.’s World Mining Fund, discusses the state of the red metal.
He says copper has the tightest fundamentals right now. It will be in surplus this year and well into next. Some mining projects have been cancelled and if they don’t come back to life in the near term, it will affect supply in 2015.
Hambro also discusses economic growth in China as well as commodities and investment in Africa.
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