Moscow State Mining University (Moscow, Russia):

Khudko E. V., Assistant Professor, Candidate of Economic Sciences, e-mail: lizval@mail.ru

This article describes the analysis of the basic aspects of usage of share capital as one of instruments of external company financing. According to the example of mining sector, there was revealed, that, practically, many joint-stock companies do not use such possibility. There was explained the absence of dependence between the cost of company assets and size of share capital. There was made a conclusion about the constant growth of a share of loan funding sources of mining companies. There were considered the basic reasons, which keep the companies from increasing of share capital, by floatation of addition shares. There was proved the necessity of periodical appraisal of amount of share capital for more efficient loan policy and increasing of company's investment case.

1. Available at: http://base.consultant.ru/cons/cgi/online.cgi?req=doc;base=LAW;n=140364
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