Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
The long term view of Brewin Dolphin, the UK’s largest independent private client investment manager, on the mining sector remains positive due to emerging market demand growth driven by infrastructure investment and urbanisation mainly in China. However, metals exchange inventories have remained lower than in previous recessions due to rapid reduction cuts etc. Supply is also likely to become constrained as the mining industry has substantially cut capital expenditure. (more…)
