, Columnist
Mining Company Debt Is Fool's Gold
Companies will have a hard time making payments on their huge debt loads.
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If it sounds too good to be true, well, you know the rest.
Credit investors are facing an offer that on its surface sounds pretty amazing: Bonds of metals or mining companies are promising tons and tons of yield, in some cases more than 100 percent in just one year. There’s a problem of course. Buyers may end up just losing their money altogether.