Foregone Conclusion15 Sep 2018 09:40
"So far, it has been a foregone conclusion that the Australians (Newcrest) will swallow SolGold once the project has reached certain milestones"
http://rohstoffbrief.com/2018/09/06/kupfer-bhp-wirf-bei-solgold-den-hut-in-den-ring-zijin-mining-schnappt-sich-nevsun/
Now the 61-year-old Scotsman said that Cascabel is securing a "top quality copper project". This should in principle Newcrest Miningagree to see the entry of Londoners but with concern. Because Newcrest is with 14.54 percent the largest shareholder of SolGold. So far, it has been a foregone conclusion that the Australians will swallow SolGold once the project has reached certain milestones. However, this is unlikely to be achieved given the superior financial strength of BHP. SolGold insiders report management's claims that Newcrest should now be "nervous." However, not only takeover battles are conducted in the mining business, it also depends on the expertise. Because at Cascabelit is an occurrence that, at best, at the lowest cost, can be degraded using the block-cave method.
BHP's CEO Andrew MackenzieAlready announced last year that it wants to massively expand its copper exposure and referred both to the medium-term declining supply, as well as to the rising demand from renewable energy and the growth of the electric car industry . Now the 61-year-old Scotsman said that Cascabel is securing a "top quality copper project". This should in principle Newcrest Miningagree to see the entry of Londoners but with concern. Because Newcrest is with 14.54 percent the largest shareholder of SolGold. So far, it has been a foregone conclusion that the Australians will swallow SolGold once the project has reached certain milestones. However, this is unlikely to be achieved given the superior financial strength of BHP. SolGold insiders report management's claims that Newcrest should now be "nervous." However, not only takeover battles are conducted in the mining business, it also depends on the expertise. Because at Cascabelit is an occurrence that, at best, at the lowest cost, can be degraded using the block-cave method. The ore body is hollowed out and collapses under its own weight. Unlike BHP, Newcrest has relevant experience here. The company is already implementing this process at its Cadia gold mine in the Australian province of New South Wales. In this respect, in the Cascabel case , an amicable agreement or joint operation by the two major shareholders may well come about.
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