09.09.2013 - Cost-conscious miners are not looking to splash the cash on M&A
How things change. This time last year, the biggest story in mining was the noise around commodity trading giant Glencore's $54bn (35bn) tie-up with mining group Xstrata, the largest yet seen in the sector. After the deal was announced in February 2012, the merger finally completed in May this year. That did not mark the end of big M&A however. This month alone, Vodafone has sealed the $130bn sale of its stake in US mobile network Verizon Wireless, the world's biggest deal for more than a decade, and we have also had Microsoft's $7.2bn purchase of Nokia's phone business...............................................Full Article: Source
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