Western Copper and Gold Corp T.WRN

Competitive Tension Amongst Majors

[EvenSteven27]

" Rio Tinto, which has long said building mines is a better option for growth than buying assets, seems to be changing its tone as main rival BHP moves to consolidate the sector." (Source: mining.com, July 31st, 2024 )

Everybody's trying to consolidate so that they can become the king of copper. Yes, a mid-tier major like Newcrest can be bought out by Newmont. But Rio and BHP are too evenly matched. Jostling definitely going on. A little competition is always good. If two mice are chasing after the sane cheese, the price of cheese will eventually go up.

[Sooner]

Some trying to get bigger not because it makes financial sense in these acquisitions...but because they likely want to become too big to be swallowed up themselves and lose their positions....egos..and they want that instant gratification rather than the smarter decision to develop new supply at a cheaper long term cost....but why do that if your 60 years old and have to wait 10-20 years to see

[jclarke042]

Gotta love "as rival BHP moves to consolidate the sector." They're not moving to "consolidate the sector," they and Lundin are JV'ing to develop two assets in close proximity to one another. This is referred to as "consolidating a district." They're growing the numerator, not just buying another major. Consolidating a district, not a bad idea, is it Rio?

[Sooner]

Yeah. Who is going to acquire Coffee and consolidate that with Casino and other area plays...geez let's get on with it already! 

[EvenSteven27]

Here's a link to the article, JC: https://www.mining.com/subscribe-login/?id=1156786

[EvenSteven27]

That would be nice!