Global Mining Deals Half Year Update 2011
Adobe PDF Format
When we approached June 30, 2011, commodity prices neared record highs, a cause for optimism for global deal making activity in the mining sector.
Subsequent analysis has however revealed that M&A during 2011 was not all that it appeared to be: the majority of activity was confined to an American-led rush to secure scale in the coal and iron ore sectors.
Many buyers in Australia, the UK and Canada remained on the sidelines and although most western markets were betting on the strength of China, Chinese entities, firmly focused on value, retreated from iconic western takeovers.
This report presents PwC views on Mining Mergers & Acquisitions in the half year ended June 30, 2011 along with our outlook on how the global mining deal market will unravel and emerge victoriously from the 2011 market storm.
