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.
ArcelorMittal (NYSE:MT) has decided to sell off 15% of its Canadian iron ore business, in an attempt to weather the slump in its key commodity. As the biggest steel producer in the world, the company is worth $10 billion. The company...
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