Today they announced the acquisition of IntierraRMG the other major mining & exploration industry data specialist.
Together with Bank and Institutional withdrawals from the commodity space the industry must change.
Those who rely on quality data sources include companies analysing targets for Merger and Acquistion.
Bloomberg reports increased potential for M&A activity as larger companies have adjusted costs and some juniors become more keen to sell
“Majors who have done portfolio optimization will look at some of the juniors and say, ‘Here’s a chance for us to acquire a potentially better asset than we’ve sold and to mitigate the loss of production,’”
At the same time, exploration and development companies, which generally rely on regular financings if their projects aren’t yet generating revenue, may have more incentive to sell themselves