https://www.miningweekly.com

BUILD/BUY BABBLE BACK

16th May 2014

By: Darlene Creamer

  

Font size: - +

Build or buy talk is back in the mining sector as the disposals and unbundlings of the majors cause the ears of potentially acquisitive companies to prick up. Under intense discussion is the use of exploration budgets to purchase rather than put up. While Randgold Resources CEO Mark Bristow, for example, has traditionally been a protagonist of building rather than buying, Gold Fields CEO Nick Holland last week spoke in favour of buying rather than building and dispensing with greenfields notions in toto. In the main, Harmony Gold, under former CEO Bernard Swanepoel, for long favoured buying rather than building, while incumbent Harmony CEO Graham Briggs speaks glowingly about the company’s Papua New Guinea build roll-out. The operational review of Barrick Gold and Newmont, along with the fallout from other disposers, has many eyes being turned away from exploration risk towards up-and-running alternatives. Once again, the pendulum is swinging.

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION