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.
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, reported Friday a dramatic revenue drop in the third quarter, as it awaits further clarification on the deal reached Thursday between majority owner Barrick Gold (TSX:NYSE:ABX) and the east African nation. Barrick said yesterday that Acacia would pay...
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