Merger Mania Hits the Mining Sector

Rising demand for raw materials coupled with meagre new supply could spur a surge in mining takeover deals and acquisitions, analysts said today. The potential mining takeover boom has emerged against a background of reluctance within the sector to drill and develop new projects, following a decade of limited capital expenditure as companies paid down debt accumulated in the late 2000s. But with decarbonisation trends driving increased demand for raw materials to build electric cars, batteries and energy storage, Russ Mould, investment director…