Glencore CEO Says His Company Is Cheapest Way to Benefit From Copper Boom

said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of dealmaking in the mining industry.

“If somebody wants to buy copper, we are the cheapest copper business there is in the world today, in my opinion, with a million tons of copper already,” said Nagle.Still, mega mergers aren’t the only option when it comes to dealmaking, Nagle said. One obvious way to boost production and lower costs could be by combining large mines that are located next to each other but owned by different companies, he said.

“There’s a lot of value to be created rather than just simply going out and buying another company,” Nagle said.

Suspect Crtm will have lots of interested partners

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Theft on the rise in construction, says insurance company CEO - constructconnect.com - Daily Commercial NewsManaging different types of risk was the focus of the CEO Roundtable discussion at the Canadian Construction Association conference, with the rise of theft, fire and water damage hot topics of conversation. Silvy Wright, president and CEO of Northbridge
Source: DCN_Canada - 🏆 17. / 74 Read more »

Gold Fields, AngloGold rule out merger after joint-venture deal in GhanaAngloGold CEO Alberto Calderon and Gold Fields interim CEO Martin Preece said on a conference call that they would explore other opportunities to maximize synergies where they arise
Source: globeandmail - 🏆 5. / 92 Read more »