News

March 04, 2010

Soho Resources Is Close To Completing A Preliminary Economic Assessment On The Tahueheuto Gold Project In Mexico

By Alastair Ford

“Last year was pretty difficult for us juniors”, says Ralph Shearing, chief executive of Soho Resources. Not many of his peers would disagree, though by the end of 2009 a lot of the blockages in the financial markets seemed to be clearing. Bank finance is still a little hard to come by, but then as the global economy picks up, it looks like it’s the banks who’ll be the losers on that score, rather than the miners.

Others will pick up the slack. One notable development in recent years has been the growing tendency of Chinese companies, state-backed or otherwise, to take big stakes in mining companies. The Chinese are looking to secure supply, and not just by locking up the assets of the listed juniors. Less common, though, has been direct action on the part of individual high net worth Chinese individuals. But as the Chinese economy continues to grow, it seems increasingly likely that more Chinese...