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Mine Demand Analysis, Sales Results and The Future of The Mining Companies
Mining giant Rio Tinto is hiving off assets to pay down $US40 billion ($57 billion) in debt after BHP Billiton withdrew a $US66 billion bid, but in these turbulent times, who’s buying?
Zinc remains a solid investment as China’s demand grows nearly 10 per cent
Despite fears that China may return to its past as a net exporter of zinc, the commodity is still a solid bet for investors looking to cash in on the growing demand for the metal used to prevent steel from corrosion, experts say.
China’s demand for slab zinc is expected to grow 9.5 per cent [...]
A bonanza of mining mergers
Corporate takeovers may have been last year’s story in the Canadian mining sector, but a recent flurry of announced deals combined with tight metals markets suggests the M&A bonanza will continue.
The blockbuster takeovers of venerable miners Inco and Falconbridge in 2006 took two of the biggest names out of Canada’s mining sector.
Xstrata 2006 Net Rises 14 Percent on Metals Prices (Update7)
Xstrata Plc, the world’s fourth- largest copper and nickel producer, said full-year profit rose 14 percent to a record after metal prices surged.
Net income advanced to $1.95 billion on a consolidated basis, or $2.39 a share, from $1.71 billion, or $2.27, a year earlier, the Zug, Switzerland-based company said today in a statement. Profit based [...]
Freeport’s Phelps Deal May Spur More Mining Takeovers
Freeport-McMoRan Copper & Gold Inc.’s plan to buy Phelps Dodge Corp. for $25.5 billion may signal the mining industry’s yearlong buying spree is far from over because of lofty metals prices and a shortage of new mines.
As many as 975 mining mergers and acquisitions worth more than $157 billion have been proposed this year, according [...]
