RE: New Mining Code DRC8 Jun 2018 10:03
Touch�! LOL
https://www.reuters.com/article/us-miners-m-a-factbox/factbox-assets-on-the-block-in-the-mining-sector-idUSKCN1J21WS
Big mining companies, restored to health following the 2015-16 crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.
But so far activity is sluggish and the focus has been on smaller deals after the damage inflicted by steep commodity price falls, which also hobbled investment.
S&P Global Market Intelligence says grassroots exploration spending is at an all-time low, meaning there is likely to be a lag before smaller companies develop assets the majors would wish to buy.
Exploration spending by major miners has risen, but it has become harder to make discoveries, especially of copper, which is in demand because of its usefulness to both traditional technology and electric vehicles.
For major miners, whose business models tend to be based on bulk, high-volume commodities with clear pricing such as copper are often regarded as the best way to get exposure to the electric vehicle trend.