We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Increasingly optimistic

12 August 2004 By Edward Hadas

It is a good time to be miner, especially one with mediocre assets. Xstrata would like to grow, but does not want to buy at the peak. It is starting to act as if it thinks the good times will last. But don’t imagine that the mining group’s expansionary management has abandoned acquisition ambitions. The buyback is reversible. And Xstrata thinks the commodity price boom will endure. So it’s probably only a matter of time before it’s sniffing out another big deal.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)