By Martin Flanagan
The Scotsman
A gold and copper exploration company chaired by Scottish mining magnate Harry Dobson is poised to hit the acquisition trail on Canada’s eastern seaboard after profitably relaunching a mine in Newfoundland.
Two other Scots, chief executive George Ogilvie and finance director John Thomson, are on the board of AIM-quoted Rambler Metals & Mining, which in a City investor update last week claimed it has the “credibility” to lead sector consolidation in the region.
Ogilvie told Scotland on Sunday that volatile trading conditions for smaller mining businesses favoured producers with proven cash flows and that Rambler was “actively investigating acquisitions”.
Ogilvie, who lives in Canada but was due to run in today’s Edinburgh marathon, said: “We are in the Canadian province of Newfoundland and Labrador, but will also look at areas such as Nova Scotia and New Brunswick. Rambler Metals & Mining would be interested in buying both assets and companies.