Mega-mergers will bring short-lived glory if miners ignore innovation — opinion | MINING.com

> Industry News > Mega-mergers will bring short-lived glory if miners ignore innovation — opinion | MINING.com

Why mergers need technology

Date: 04/17/2019 | Source: http://www.mining.com

There have been a lot of merges causing a stir lately in the mining industry. However, Mining.com argues that they should now focus on innovation. They said, "In this scenario, bigger isn’t always better. The aspiration for a new era of profitability must be met with sustained investment in innovation that delivers on both radical improvement and transformation."

Focusing on innovation and technology could create possibilities for these companies to scale sustainably. After mergers, sometimes businesses can grow more quickly than they can handle. We will see what happens!

Mega-mergers will bring short-lived glory if miners ignore innovation — opinion | MINING.com

The most significant signs of change are the mega-merger of Barrick Gold and Randgold and Newmont’s acquisition of Goldcorp which will move two of the largest miners out of the country, as well as greatly decrease the market cap of mining companies within its borders.For instance, the Barrick Gold-Randgold merger foresees the creation of “an industry leading gold company with the greatest concentration of Tier One gold assets in the industry, led by a proven management team of owners, as noted in Barrick’s press statement.

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