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September 10, 2008
Credit crunch may trigger mining mergers
The global credit crunch is likely to result in more consolidation among junior South African mining firms, but all enterprises are feeling its bite, even Eskom, according to industry sources and analysts.
Fortunately for the mining industry as a whole, high commodity prices are providing a cushion against more expensive borrowing and soaring operational costs.
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Posted by StaffWriter at September 10, 2008 7:35 AM