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MINER'S RIGHT
Banking drive to kick-start M&A
You can buy a lot of mining for US$130 billion – two Glencores for example – which is one reason why such a big number is interesting. The second reason is that over the next four years it’s the spare cash that mining companies are likely to have available for a spot of merger and acquisition activity.
Those looking for bargains ahead of a period of rising prices into the crest of the boom should move now
Talk of takeover time making a return has been bubbling in the background for the past 12 months as the world's miners have enjoyed their best trading conditions in at least a decade. Balance-sheet...
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