Mining M&A falls to 10-year low

[miningmx.com] – MERGER and acquisition activity in the global mining sector declined to its lowest level in 10 years, said Bloomberg News citing a report by Ernst & Young.

Mergers and acquisitions fell 49% to $44.6bn last year with the number of deals concluded falling 23% to 544 as companies stepped back from large transactions while the much-vaunted entry of private equity into the sector was slower than expected.

“We expect to see more deals from private capital,’ Lee Downham, global mining transaction chief at E&Y in London, told the newswire service. “But I don’t think there will be $10bn plus or $20bn plus type of deals happening.”

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