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M&A RESOURCES. Mining murmurings.
Byline: Charlotte Mathews
M& A RESOURCES Mining murmurings Talk of consolidation in SA's mining sector, especially in platinum, has died to a murmur after several high-profile deals failed in 2008 and 2009.
The failures were attributed to the high prices that shareholders and management of takeover targets were demanding, on the assumption that the commodities boom would continue for many years. But there are still possibilities.
Xstrata's offer for Lonmin, which demonstrated its interest in bulking up its platinum division, and its subsequent offer to Anglo American of a merger of equals both came to nothing. Impala Platinum's overtures to Mvelaphanda …
