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.
Canada’s Lucara Diamond (TSX:LUC) has given the green light to a planned underground expansion of its Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based miner said the project, for which pre-production costs...
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