| A number of high-cost mines are high cost because they have been starved of capital in recent years. As a result, Ernst & Young expects “a good number of these mines to be divested by the majors to owners with capital available for acquisition and reinvestment.”
In their report, Mergers, acquisitions and capital raising in mining and metals, 2012 trends, 2013 outlook, When opportunity knocks, who answers?, Ernst & Young observed that a key characteristic of last year’s deal activity was the increasing number of state-backed and financial investors funding the growth of mining and metals through mergers and acquisitions...........................................Full Article: Source
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