Our new report on mergers and acquisitions (M&A) in the Mining sector shows that the number of transactions were at an all time high but “mega deals” remained elusive.
The sector made an impressive recovery after 2009 with announced deal volumes gaining 28% and values 77% higher than the previous year. No other global industry sector has experienced comparable growth rates or volumes.
However, deal values remained 26% lower than the 2006 peak due to an absence of "mega-deals" caused by a lack of large targets in play.
We also predict 2011 will be another record-setting year for mining M&A with a heightened pace of deal activity.
Global Mining Deals is PwC's annual report on mergers and acquisitions activity within the global mining industry and predictions for the sector in 2011.