According to the FT, Kukielski has already identified non-core
assets at natural resources groups under pressure from subdued
Kukielski told the newspaper that many large mining companies have
decided to streamline their portfolios and divest assets that are
not material to them as demand is uncertain, prices are dropping and
investors are unhappy about the performance of the mining industry
as a whole.
An investment in mining by Warburg Pincus would be its first since
1988, when it bought a stake in Arizona-based Magma Copper.
Warburg Pincus could not be reached for a comment outside of normal
(Reporting by Aashika Jain in Bangalore;
editing by Steve Orlofsky)
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