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Copper Deal Day Hits With A Flurry Of M&a; For The Hottest Metal

by bloomberg.com posted 1week ago 17 views
“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling. China’s Zijin Mining Group Co. swooped on a huge undeveloped copper mine in Serbia, acting as a white knight to beat out an earlier hostile bid from a Canadian rival. At the same time, BHP Billiton Ltd., the biggest miner, snapped up a stake in one of the world’s biggest undeveloped assets. Glencore Plc also increased its exposure to the metal with a new offtake deal.

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