SOURCE: Industrial Info Resources

Industrial Info Resources

January 27, 2011 06:00 ET

Organic Growth Combine With Mergers & Acquisitions to Burn Up Global Metals & Minerals Resource Sector, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 27, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Historically high commodity prices for metals and minerals, including coal, copper, iron ore and precious metals, spurred on by rising worldwide demand for raw materials, are heating up both organic growth projects and merger and acquisition activity, as cash-happy mining companies look to gobble up prime resource investment opportunities.

At the end of 2010, Caterpillar Incorporated (NYSE:CAT) announced the acquisition of full-service mining equipment provider Bucyrus International Incorporated (NASDAQ:BUCY) (South Milwaukee, Wisconsin) for $7.6 billion.

Leading North American iron-ore miner Cliffs Natural Resources Incorporated (NYSE:CLF) (Cleveland, Ohio) announced a $5 billion acquisition of Canada's Consolidated Thompson Iron Ore Mines Limited (TSX:CLM) (Montreal, Quebec), growing its presence in iron ore with access to Asian markets.

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