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Major mining assets change hands after commodity rout

Posted on 26 July 2016

Large mining companies are selling off 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 trying to sell, but BHP Billiton and Rio Tinto have also been seeking to rationalise their assets while signalling an interest in acquisitions.
Slower growth in China triggered the slide in the prices of raw materials, and Chinese companies are the main potential buyers of assets on sale, aiming to secure natural resources as the economy expands. China Molybdenum Co, for example, snapped up two assets in less than a fortnight………………………………………..Full Article: Source


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