[miningmx.com] – THERE was an increase in the value of merger and acquisition transactions in the global mining sector in 2014 compared to 2013, said BDLive citing a report by Grant Thornton, an auditing firm.
Last year 1,808 deals worth $139bn were sealed around the world, compared with the 2,000 deals worth $85bn the year before. In South Africa last year there were 21 inward transactions worth about $1.1bn, up from 14 deals worth almost $500m.
“Corporate reshuffling and realignment has accelerated year on year as can be seen by announcements from the likes of AngloGold Ashanti, Gold Fields, Anglo American Platinum and Glencore,” Andrew Hannington, CEO of Grant Thornton told BDLive.
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