Read more: Trends in 1H 2010
- Publishing Date
- 03 Sep 2010 11:35am GMT
- Author
- Mining Journal
MJ Read More
Ernst & Young has published the first ever half-year update of its annual 'Mergers, Acquisitions and Capital Raising' report.
The financial services group concludes "the value and volume of deals in the global mining and metals sector is set to soar, driven by competition to secure raw materials".
The leader of E&Y's global mining and metals team, Mike Elliott, says the volume of completed deals in the first half of 2010 was up 20%, to 544, on the same period last year, while deal value is up 46% to US$40.6 billion. Mr Elliott says "transactions activity began to really pick up in late 2009, and has continued to gather momentum". E&Y believes that the pace of deal activity "will continue to accelerate, with the value of pending deals at end-June being four times the value of deals done in the first half of the year, and the sector showing no sign of slowing".
The financial services group concludes "the value and volume of deals in the global mining and metals sector is set to soar, driven by competition to secure raw materials".
The leader of E&Y's global mining and metals team, Mike Elliott, says the volume of completed deals in the first half of 2010 was up 20%, to 544, on the same period last year, while deal value is up 46% to US$40.6 billion. Mr Elliott says "transactions activity began to really pick up in late 2009, and has continued to gather momentum". E&Y believes that the pace of deal activity "will continue to accelerate, with the value of pending deals at end-June being four times the value of deals done in the first half of the year, and the sector showing no sign of slowing".
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