Tags » Mining Features

Canadian miners brace for 'knife fight' after year of dumping assets at fire-sale prices

The mining business has a long history of companies grossly overpaying for assets. But no one will accuse George Dethlefsen of that crime.

Mr. Dethlefsen’s firm, Corsa Coal Corp., was approached this year about buying coal assets in Pennsylvania from Russian steel giant OAO Severstal, which was bailing out of the United States. 1,208 more words

Mining

Breaking up is easy to do: Potential 'Inco' IPO highlights mining sector's new reality

Speaking to an audience of mining industry professionals in Toronto, Tom Albanese made his message loud and clear.

“The consolidation we are seeing heralds a new era that we have not seen before and probably won’t see again,” Mr. 1,039 more words

Mining

Breaking up is easy to do: Potential 'Inco' IPO highlights mining sector's new reality

Speaking to an audience of mining industry professionals in Toronto, Tom Albanese made his message loud and clear.

“The consolidation we are seeing heralds a new era that we have not seen before and probably won’t see again,” Mr. 1,039 more words

Mining