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Mine closure option coming to fore as mine sale attempts drag on

Because most mining majors are steering clear of giving their mining assets away at fire sale prices, the expectation is growing that care-and-maintenance closure options may take centre-stage. As things stand, for-sale notices are ubiquitous, with the likes of Anglo American, Freeport-McMoRan, Vale, Rio Tinto, BHP Billiton and Glencore continuing along the asset-disposal road.