Mining and metals deal value in first half of 2011 doubles from 2010
(Vancouver, 31 August 2011) Canada topped the global mining and metals sector as the leading acquirer with 196 deals and as the leading target destination with 129 deals from January to June 2011, says Ernst & Young.
Following Canada, Australia was the second top acquirer by volume with 83 deals and the second target destination with 72 deals occurring within the country.
“So far, 2011 has brought fewer but larger deals to the global mining sector,” says Tom Whelan, Leader of Ernst & Young’s national mining and metals practice. “Despite the drop from 573 deals in the first half of 2010 to 511 deals in the first part of this year, the total deal value of mining transactions from January to June more than doubled to US$96.3b from US$47.9b.” Continue Reading →