Major mining assets change hands after commodity rout
Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.
Anglo American, Glencore and Freeport have been at the forefront of those companies cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalize their assets while signaling an interest in acquisitions.
Shares in mining firms have recovered this year with investors reckoning that commodity prices have finally bottomed out after the prolonged slump.
More News
Westhaven Gold doubles value of Shovelnose property in British Columbia
The new PEA contains resource contributions from two new zones (Franz and FMN), instead of just the initial South zone discovery.
March 03, 2025 | 08:02 am
Toronto Exchange’s mining dominance under threat as explorers exit
The Toronto Stock Exchange represents 40% of the world’s public mining companies, compared to 56% in 2010.
March 03, 2025 | 07:01 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments