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Globally, the mining sector is
benefiting from strong fundamentals, including
long term commodities demand growth and
constraints in bringing additional supply to
market. These constraints include low
inventories, long lead times for the development
of new mines and a greater industry discipline.
Discovery and development is emerging as the
area of opportunity for new players. Due to
recent consolidation in the industry, the
largest players are now more dependent upon
asset acquisition to support long term growth.
Mid-tier players who execute on exploration and
development opportunities will deliver the
highest returns to investors within the
industry. Russia, the countries
of the former Soviet Union and India are
relatively under-explored yet resource rich.
These areas offer significant development
opportunities. As a partner of choice in these
geographies, SUN is developing investments in
the mining sector both through its private
equity franchises and through the development of
its subsidiary,
SUN Mining. |
