However, they did want to buy existing companies in the industry using borrowed money, consolidate overlapping operations, and sell at a profit.

FORBES: What is Private Equity?

Not all of these benefits would flow from removing head-office duplication and overlapping operations such as mines and the railways linking them to ports.

ECONOMIST: BHP Billiton and Rio Tinto

Each Administration and every major study, review, and strategy document continued to plan for two major operations in overlapping time frames.

CENTERFORSECURITYPOLICY: Center for Security Policy | The Measure of a Superpower: A Two Major Regional Contingency Military for the 21st Century | Page: 2