Junior miners urged to consolidate to remain profitable in current environment

Junior miners are facing mounting challenges when it comes to surviving, let alone profiting in the current economic climate, says mining industry advisor company principle Willo & Associates Dr Willo Stear, advising junior miners to consolidate through merges and acquisitions to remain profitable. Speaking at the third annual Junior Mining & Exploration conference, in Johannesburg last month he highlighted that junior miners are vital for sector growth as large mining companies were cutting back on exploration to save costs in unfavourable economic times.