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Strapped for cash: consolidation in the mining sector

Comments (0) | 1 Oct 2008 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Rising commodity prices and tighter credit conditions lead to consolidation in the mining sector, with smaller companies particularly facing takeovers

Astronomical profits and talk of mega-deals may give the impression the mining sector is booming. Away from the spotlight, however, smaller companies are struggling to raise the money they need to continue operating. With funding hard to come by and cash running short, some will have to merge just to ...

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