“For gold and copper mines, growth comes more from consolidation than exploration.”
Northern Star, Australia's second-largest gold producer, has rejected a takeover bid from its South African rival Gold Fields, but the latter does not intend to give up. The sector is currently undergoing a consolidation phase, against a backdrop of declining mining productivity, says Isabelle Chaperon, an economics columnist for Le Monde.
We haven't written up this one. Le Monde Economie has the full story — the link below goes straight to it.
