Miners Push for Megadeals to Achieve Global Scale
Mining companies are increasingly pursuing megadeals and partnerships to build financial strength and tackle geopolitical hurdles. Despite past failures, boards remain convinced that larger scale is essential to fund multi-billion-dollar projects and navigate resource nationalism.
Xurve View
Insights:
Xurve View
GOLD FIELDS LTD pursued a $27.1B merger to scale its operations before NORTHERN STAR RESOURCES LTD rejected the proposal on Monday afternoon. The rejected bid highlights an industry-wide push for consolidation among global miners. Mining executives are racing to build larger balance sheets to fund multi-billion-dollar projects and manage mounting debt.
