Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.
It costs $100,000 just to cover the public company filing fees, pay for the financial audits, and share an office and phone line. If you have a secretary, president, and geologist on staff you’re looking at around $400,000 a year minimum.
Australia’s mining industry will become the world’s number one again over the next two decades, attracting as much as 18 times the investment planned for South Africa, according to the latest report from Deloitte.
An investment executive at Sprott Global Resource Investments, Michael Kosowan is working by three sayings these days: "Well bought is half sold," "small is beautiful" and "necessity is the mother of invention."