Australia Mining Sector: Digging for Distressed Assets

11 February 2014

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Australia’s decade-long mining boom has come to an abrupt close. An increasingly difficult operating environment has added to miners’ woes as a combination of falling prices, rising costs, higher taxes, reduced levels of demand from China and India, and a relatively strong Australian dollar create an ominous outlook. This has been reflected in the equity markets, where all but established low cost producers have struggled and new debt and capital has been near nonexistent for junior miners and explorers.

In the first issue of this newsletter series, Clifford Chance and FTI Consulting, in partnership with Debtwire, present Australia Mining Sector: Digging for Distressed Assets, an analysis of developments among Australian miners and distressed debt opportunities for investors in the resource excavation industry.

Included in the newsletter:

  • A look at distress among Australia’s junior explorers and major miners as commodity price volatility sends shockwaves through the mining industry
  • An exclusive interview with FTI Consulting experts on risks to investing in the mining sector
  • Clifford Chance insight on the current state of the distressed debt market for the mining sector and the outlook for 2014 and beyond