25.02.2011 - Mining deals to ramp up in 2011, transactions bigger, bolder-E&Y
From Mineweb.co.za: A new Ernest & Young report says mining is poised for strong growth this year, thanks to soaring commodity prices backed by buoyant demand from emerging markets. In the report "Ungeared for growth, Mergers, acquisitions and capital raising in mining and metals", Ernst & Young predicts this year will see strong growth in mining M&A "with competition becoming fierce." In the global report made public Wednesday, E&Y advises the same factors that drove the growth in deals last year will continue to drive the market in 2011 including: resource security; higher commodity prices; improved cash flow and availability of capital; ongoing industry rationalization and the desire for greater vertical integration..............................................Full Article: Source
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