Amid talk about a boom in pharmaceutical M&A that could be a boon to Am Law 100 firms, the global mining industry could be on the verge of experiencing a consolidation of its own as companies chase mergers in a bid to cut costs, according to a report by MarketWatch.
The trend could accelerate despite the recent breakdown of merger talks between two of the world’s largest gold producers—Toronto-based Barrick Gold and suburban Denver-based Newmont Mining—over concerns about the synergies and shareholder value the potential $33 billion mining giant would create.
