Mining deals expected to pick up in 2010 .Large corporations are on a war pat !

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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oiramoric

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Mining deals expected to pick up in 2010 .Large corporations are on a war pat !

posted on Feb 12, 2010 07:47PM

We must get the SP going up pretty quick in case of an hostile takeover.

Reuters Published: Friday, February 12, 2010

Merger and acquisition activity in the mining sector is likely to pick up pace in 2010 as producers shift their focus from cutting costs to driving growth in a recovering global economy, according to a report released yesterday.

In the fourth quarter of 2009, 32 takeovers involving mining companies were announced, up from 21 in the third quarter and 17 each in the first and second quarters, the PriceWaterhouseCoopers report said.

Total deal value in the fourth quarter reached $4.9-billion, up from $3.7-billion in the third quarter. Deal value in the second quarter was $63-billion, due to the announcement of a $58-billion iron ore joint venture between BHP Billiton Ltd. and Rio Tinto Group.

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