Mining consolidation to speed up as Chinese demand growth slows
However, full-scale mergers and acquisitions activity among diversified miners could be hampered for now, investors said at a CESCO event this week.
Glencore (LON:GLEN) announced that it has secured the first mining leases for its $7 billion Wandoan coal project in Australia’s Surat Basin, after applying for them 10 years ago. On Tuesday, Queensland’s natural resources and mines minister, Anthony Lynham, approved...
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