M&A-shy mining majors eye junior partnerships to grow reserves
(Reuters) – At a time when major miners have turned gun-shy on acquisitions after a rash of value-busting deals, two big players made it clear last week that they are still keen to partner with junior firms on high-quality, early-stage projects.
Under pressure from investors to retreat from large, capital-intensive projects, companies like Canada’s Teck Resources Ltd (TCKb.TO) and Poland’s KGHM Polska Miedź SA KGH.WA are looking to tiny exploration companies to secure future output.
Read more at: http://www.reuters.com/article/2014/02/06/us-mining-juniors-idUSBREA151VC20140206
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