Copper Demand Surge Drives Consolidation Wave in Mining Sector

London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m (£223m) today. Acquisition Company Limited (ACG), a special purpose acquisition vehicle listed on the London Stock Exchange, revealed this morning it had bought Turkey-based Polimetal in the first push of a “global copper consolidation strategy”. Polimetal holds mining rights and operates the Gediktepe mine, an open pit mine located in the Bigadiç district of the Bal?kesir province of Western Turkey. …