02.03.2016 - 17:42 [ IBTimes ]

Looking To Buy A Mine? It‘s A Buyer‘s Market As Plunging Commodities Prices Force Mining Companies To Sell Assets

In the market for raw metals? Glencore PLC’s sprawling copper mine in the Chilean desert will set you back only $1 billion. Assuming you don’t mind a bit more of a splurge, how about Anglo American PLC’s iron ore mine in Brazil, which cost the company $14 billion to buy and build in the late 2000s? And if you’re more of a coal person, a string of mines are on the block across Australia.