U.S. mining companies attractive to foreign acquisition

Standard & Poor project that foreign companies will actively acquire U.S. mining companies and resources because of the weak dollar, the need to gain economies of scale by expanding operations, and the desire to get a foothold in the U.S. market.

This report comes on top of an analysts conclusion that mining company stocks are under-valued compared to the price of commodities. Together, these suggest we should expect a wave of foreign bids for U.S. mining properties and companies.