Ann: Pause in Trading, page-42

The scramble for cash will put increasing focus on those investors still willing to put money into the industry. In the past year, Saudi Arabia has emerged as a new pivotal player as it seeks to diversify away from fossil fuels, and after agreeing to buy a 10% stake in Vale SA’s nickel and copper business. The kingdom’s annual mining conference taking place this week has drawn a high-profile roster of top CEOs gathering in Riyadh, alongside key industry bankers, investors and analysts.And while some buyers have backed away, the drop in share valuations has helped spur an increase in dealmaking interest in certain corners of the mining industry, such as Western Australia’s small and mid-sized lithium producers. Analysts have suggested the recent flurry of activity in the region is likely to continue.
from BLOOMBERG