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Slim owns stakes in Bronco Drilling Company (BRNC) and Allis-Chalmers Energy (ALY). Both companies provide contract drilling services to the oil and natural gas industries.
Slim is also optimistic about the price of other commodities due to the expanding middle class in the global economy.
“I would like that commodities don’t move with so much volatility and that the excesses in commodities aren’t present. I think the prices of primary products in the next years will have a bigger demand by a population that is getting out of poverty and is getting involved in the market. I think in the middle and long-term, more people will be living better and will be asking for these primary products.”
“We are investing in commodities and infrastructure. In commodities we are investing in mining. We have a mining company that we bought and we are investing a lot in this business.”
Another one of the richest men in the world, Brazilian billionaire Eike Batista has already started recently bid for Ventana Gold at about C$1.5 billion. Ventana’s La Bodega holds 3.5 million ounces of gold and 19.2 million ounces of silver.
[fundmanagernews.com]
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