January 16 - National Post (Canada.com) - The only certainty in an uncertain market is that the wave of mining takeovers will continue. That's the opinion of mining analysts at Citigroup Global Markets, who cite a number of reasons why: soaring cash balances, few reinvestment opportunities, frictional barriers to new capacity, and aggressive forays by sovereign investors.
They calculated that mining companies have more than US$300-billion available for M&A, about half of which would come from borrowings. That alone is about 36% of the entire sector size. Read More.
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