| dc.description.abstract | The aim of the study was to explore the sustainable project financing options for mining
financial performance. There is a low level of mining financing in Zimbabwe, which is
negatively impacting on the contribution of the sector towards GDP and economic development
which s has motivated the researcher to carry out the study. Theoretical and empirical literature
was reviewed. The research was carried out in the mining sector using a survey. Quantitative
research methods were adopted. A total of 100 questionnaires were administered to 33 mining
companies. The reliability of the instrument was tested for reliability using Cronbach alpha
which very high at 0.913 after a pilot test. Data was analysed using SPSS. Descriptive statistics,
factor analysis and the correlation analysis were mostly used to analyse that data. The funding
options were therefore correlated with financial performance to analyse their relationship. A
positive and significant correlation was identified on all funding mechanisms identified in the
factor analysis. The study concluded that the sustainable funding options available in the mining
sector of Zimbabwe are project finance, finance by private equity, public bonds, corporate bonds
and loans from banks and other financial institutions. The availability of funding options results
in increased total annual revenues and increase in profitability. The study concluded that factors
that affect mining financing are Project finance, Financing from private equity funds,
Convertible loans, Public bonds, Corporate bonds, Government bonds. The ability of the sector
to attract financing require that the laws governing mining in the country be transparent and
investor friendly. Other issues that would require attention include the current indigenization
laws should be clarified; the Staff Monitored Programme adhered to, the mining supporting
infrastructure e.g. railway lines attended to. | en_ZW |
