Opalesque Commodities Briefing » M&A http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Oil and gas mergers and acquisitions are finally making a comeback http://www.opalesque.com/Commodities_Briefing/?p=144546 http://www.opalesque.com/Commodities_Briefing/?p=144546#comments Tue, 29 Nov 2016 01:18:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144546 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144546>Article Link</a> Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. (more…)

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M&A activity in mining and metals significantly down on last year http://www.opalesque.com/Commodities_Briefing/?p=144506 http://www.opalesque.com/Commodities_Briefing/?p=144506#comments Thu, 24 Nov 2016 23:04:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144506 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144506>Article Link</a> A global economic slowdown, political uncertainty and low commodity prices are continuing to squeeze the mining and extraction sector. An analysis shows that M&A activity is significantly down on last year, despite an uptick in transaction volume in the second quarter. Capital raising remains relatively robust. (more…)

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October’s record for M&A is a boon for merger-themed ETF http://www.opalesque.com/Commodities_Briefing/?p=144107 http://www.opalesque.com/Commodities_Briefing/?p=144107#comments Mon, 31 Oct 2016 01:19:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144107 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144107>Article Link</a> The U.S. deal market is red-hot right now, and that could mean an uptick in interest for the exchange-traded funds that attempt to capitalize on merger mania. Thus far in October, there have been $248.9 billion in announced corporate tie-ups, according to Dealogic, a figure representing the highest U.S. merger-and-acquisition total value ever in October, excluding spin-offs. (more…)

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Mergers & Acquisitions Surge; M&A Funds Flat http://www.opalesque.com/Commodities_Briefing/?p=144083 http://www.opalesque.com/Commodities_Briefing/?p=144083#comments Fri, 28 Oct 2016 01:22:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144083 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144083>Article Link</a> There’s been another wave of headline-making mergers and acquisitions this year following a hot year for deals in 2015, the latest of which was the blockbuster $85 billion AT&T-Time Warner deal announced this week. (more…)

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Gold Mining ‘Needs New Discoveries’ as M&A Rejected on Bad Memories, 2016 Price Jump http://www.opalesque.com/Commodities_Briefing/?p=143628 http://www.opalesque.com/Commodities_Briefing/?p=143628#comments Wed, 28 Sep 2016 03:54:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143628 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143628>Article Link</a> Gold prices in China – the world’s No.1 gold mining, importing and consumer market – held firm overnight, fixing at the Shanghai Gold Exchange little changed from before the weekend, but edging down to a $2.85 per ounce premium above comparable Dollar quotes for metal settled in London. (more…)

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Big gold miners see muted M&A as bullion’s rise limits bargains http://www.opalesque.com/Commodities_Briefing/?p=143566 http://www.opalesque.com/Commodities_Briefing/?p=143566#comments Thu, 22 Sep 2016 22:48:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143566 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143566>Article Link</a> The world’s biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger. (more…)

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Singapore Exchange prepares formal offer to buy UK’s Baltic Exchange http://www.opalesque.com/Commodities_Briefing/?p=142810 http://www.opalesque.com/Commodities_Briefing/?p=142810#comments Wed, 03 Aug 2016 01:22:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142810 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142810>Article Link</a> Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. (more…)

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Gold’s M&A spree builds as bullion rally boosts values http://www.opalesque.com/Commodities_Briefing/?p=142795 http://www.opalesque.com/Commodities_Briefing/?p=142795#comments Tue, 02 Aug 2016 00:55:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142795 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142795>Article Link</a> A $US50 billion ($S65 billion) gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its lustre as investors seek havens from volatile markets and weak interest rates. (more…)

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Gold’s $50 Billion M&A Spree Builds as Rally Boosts Values http://www.opalesque.com/Commodities_Briefing/?p=142776 http://www.opalesque.com/Commodities_Briefing/?p=142776#comments Mon, 01 Aug 2016 01:49:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142776 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142776>Article Link</a> A $50 billion gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its luster as investors seek havens from volatile markets and weak interest rates. While the metal is up about a quarter this year, the value of mergers and acquisitions has soared. (more…)

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Metals M&A fall to lowest in two years – PwC report http://www.opalesque.com/Commodities_Briefing/?p=142750 http://www.opalesque.com/Commodities_Briefing/?p=142750#comments Fri, 29 Jul 2016 01:59:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142750 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142750>Article Link</a> The metals deals market remained sluggish in the second quarter of 2016, with mergers and acquisitions activity down to its lowest level in two years, according to a report by PwC. While some metals commodity prices rebounded, metals prices, global demand, and production all generally remained low during the quarter, and companies continued to be challenged by global economic uncertainty and volatility, the report noted. (more…)

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Abu Dhabi Merger to Create Oil Producer Dwarfing OPEC’s Libya http://www.opalesque.com/Commodities_Briefing/?p=142312 http://www.opalesque.com/Commodities_Briefing/?p=142312#comments Thu, 30 Jun 2016 00:19:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142312 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142312>Article Link</a> Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with bigger assets than ConocoPhillips. (more…)

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Gold sector M&A to be smaller in scale as big asset sales dry up http://www.opalesque.com/Commodities_Briefing/?p=141994 http://www.opalesque.com/Commodities_Briefing/?p=141994#comments Thu, 09 Jun 2016 01:25:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141994 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141994>Article Link</a> Evolution Mining chairman Jake Klein says the string of big deals that Australian mid-tier gold companies have made to grow their portfolios and attract global investor interest is all but over. (more…)

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Gold Bulls Could Lead M&A Stampede http://www.opalesque.com/Commodities_Briefing/?p=141701 http://www.opalesque.com/Commodities_Briefing/?p=141701#comments Fri, 20 May 2016 02:52:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141701 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141701>Article Link</a> Gold producers have a new spring in their step following a rebound in the value of the precious metal, and it is an optimism that could trigger deals. The price of gold has risen more than 18% since the turn of the year, filling the coffers of producers whose balance sheets had already been strengthened by a focus on debt repayments and years of cost cutting following a downturn in prices in 2013. (more…)

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Mining deals hit new low, but signs of rebound emerge http://www.opalesque.com/Commodities_Briefing/?p=141612 http://www.opalesque.com/Commodities_Briefing/?p=141612#comments Mon, 16 May 2016 02:28:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141612 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141612>Article Link</a> The latest fall in acquisition activity in the mining sector may well be the last, with increasing signs that deal flow might be about to rebound. A quarterly mining and metals update from Ernst & Young, to be released today, reveals yet another fall in both the value and volume of mergers and acquisitions in the mining industry, continuing a five-year downward trend. (more…)

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Low Crude Prices to Spur More M&A Deals in Oil & Gas After Slump http://www.opalesque.com/Commodities_Briefing/?p=141254 http://www.opalesque.com/Commodities_Briefing/?p=141254#comments Sun, 24 Apr 2016 23:56:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141254 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141254>Article Link</a> Low oil prices will spur more mergers and acquisitions in the oil and gas industry this year with some companies forced to sell to avoid bankruptcy, according to consultants A.T. Kearney. Private equity firms are probable buyers, Richard Forrest, global lead partner for the company’s energy practice, said in an interview in Dubai. (more…)

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Chinese goldminers seek offshore acquisitions http://www.opalesque.com/Commodities_Briefing/?p=141049 http://www.opalesque.com/Commodities_Briefing/?p=141049#comments Tue, 12 Apr 2016 03:42:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141049 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141049>Article Link</a> Chinese goldminers are aggressively scouting for overseas acquisitions, encouraged by his­torically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16 per cent since hitting a six-year low in December, the metal has still been trading close to levels last seen in 2010, in a range of roughly $US1220-$US1240 a troy ounce. (more…)

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Oil Bankruptcies Seen Spurring M&A on Signal Prices Near Low http://www.opalesque.com/Commodities_Briefing/?p=140171 http://www.opalesque.com/Commodities_Briefing/?p=140171#comments Wed, 10 Feb 2016 01:11:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140171 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140171>Article Link</a> About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk is more than twice the 60 producers that have already filed for bankruptcy, Bob Fryklund, chief upstream analyst at IHS, said in an interview. (more…)

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Commodity depression: $1.4trn lost since 2011. M&A the answer? http://www.opalesque.com/Commodities_Briefing/?p=139770 http://www.opalesque.com/Commodities_Briefing/?p=139770#comments Wed, 13 Jan 2016 01:12:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139770 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139770>Article Link</a> The mining sector has been decimated over the past few years with the Bloomberg article below putting the stock losses at $1.4 trillion since 2011. Many investors would see this as a opportunity and the article looks at potential M&A activity for a revival within the sector. (more…)

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Oil and gas deals to ‘ramp up’ in 2016, says report http://www.opalesque.com/Commodities_Briefing/?p=139676 http://www.opalesque.com/Commodities_Briefing/?p=139676#comments Thu, 07 Jan 2016 01:29:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139676 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139676>Article Link</a> A wave of oil and gas deals is set to reshape the energy industry this year, following a collapse in crude prices to their lowest level in eleven years, according to consultants Wood Mackenzie. After the slowest period for deals in more than a decade in 2015, Wood Mac is forecasting a “ramp up” in mergers and acquisitions during 2016 regardless of what happens to oil prices. (more…)

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Gold’s M&A Wave to Roll On as Bullion Tumbles to Five-Year Low http://www.opalesque.com/Commodities_Briefing/?p=137461 http://www.opalesque.com/Commodities_Briefing/?p=137461#comments Mon, 03 Aug 2015 02:26:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137461 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137461>Article Link</a> Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year high as weaker prices slash asset valuations. Deals valued at $9.6 billion were proposed or completed in the six months to June 30, up 7 percent on the previous half, as producers including OceanaGold Corp. agreed acquisitions, according to data complied by Bloomberg. (more…)

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Citi says counter-cyclical mining M&A only for the brave http://www.opalesque.com/Commodities_Briefing/?p=137024 http://www.opalesque.com/Commodities_Briefing/?p=137024#comments Mon, 06 Jul 2015 01:37:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137024 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137024>Article Link</a> Citi’s metals and mining team has poured cold water on any chance that the big miners may embark on a counter-cyclical merger and acquisition spree, saying deals may be restricted to the mid-tier sector. In a note to clients on Monday morning, Citi said subdued metal prices and weak share prices had left investors wondering whether the sector was set for another M&A cycle. (more…)

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Global Oil and Gas Sector M&A Activity Remains Sluggish http://www.opalesque.com/Commodities_Briefing/?p=136291 http://www.opalesque.com/Commodities_Briefing/?p=136291#comments Tue, 19 May 2015 01:39:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136291 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136291>Article Link</a> Various factors ranging from the lack of availability of quality assets to sellers holding out for better prices are coming together to paint a mixed mergers and acquisitions (M&A) picture in the oil and gas sector, according to industry experts. (more…)

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What an Increase in M&A Activity among Gold Miners Could Mean http://www.opalesque.com/Commodities_Briefing/?p=136174 http://www.opalesque.com/Commodities_Briefing/?p=136174#comments Tue, 12 May 2015 02:54:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136174 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136174>Article Link</a> Gold traders were bullish for a second week on speculation a weaker dollar may support gold demand. As the U.S. dollar has seen sustained retrenchment lately, the “smart money” is taking the bullish-dollar bets off, as CFTC data show the value of positive bets in the futures pits have fallen to four-month lows. (more…)

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Outside money start to pour into mining M&A http://www.opalesque.com/Commodities_Briefing/?p=136065 http://www.opalesque.com/Commodities_Briefing/?p=136065#comments Tue, 05 May 2015 01:25:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=136065 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=136065>Article Link</a> Mick Davis hasn’t spent a cent of his $6bn, but private money and non-mining players’ share of M&A has already doubled in less than three years. In 2014 the number of mergers and acquisitions in the mining and metals industry doubled from the year before according to data from research company SNL Metals & Mining. (more…)

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Pricing Up Oil Worry on Shell’s BG Deal http://www.opalesque.com/Commodities_Briefing/?p=135943 http://www.opalesque.com/Commodities_Briefing/?p=135943#comments Thu, 23 Apr 2015 00:55:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135943 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135943>Article Link</a> What is a merger without a bit of arbitrage? Ask Royal Dutch Shell and BG Group. Pentwater Capital Management this week became the first big merger arbitrage fund to disclose a position in BG, after Shell’s $70 billion cash-and-stock deal to buy the U.K. oil and gas company. (more…)

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Base Metal Mining M&A Activity Expected to Make a Turnaround This 2015 http://www.opalesque.com/Commodities_Briefing/?p=135834 http://www.opalesque.com/Commodities_Briefing/?p=135834#comments Wed, 15 Apr 2015 01:11:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135834 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135834>Article Link</a> Base metal mining companies have been wary of acquisitions in the past few years due to global financial crisis and economic downturn. These companies have bought fewer assets that require large capital investment since 2012. (more…)

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Shell’s offer for BG shows how the energy business is changing http://www.opalesque.com/Commodities_Briefing/?p=135776 http://www.opalesque.com/Commodities_Briefing/?p=135776#comments Fri, 10 Apr 2015 01:26:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135776 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135776>Article Link</a> Jam tomorrow, but never jam today. That was long the lament about Britain’s third-largest energy company, BG Group. It was notable for its great prospects, troubled operations, wobbly management and a slumping share price—down 20% in the past 12 months. (more…)

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SocGen to Buy Jefferies Bache Clients in Derivatives Push http://www.opalesque.com/Commodities_Briefing/?p=135766 http://www.opalesque.com/Commodities_Briefing/?p=135766#comments Fri, 10 Apr 2015 01:24:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135766 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135766>Article Link</a> Societe Generale SA, France’s second-biggest bank, agreed to take over most of the clients of Jefferies Group LLC’s Bache futures unit amid a push into derivatives. Jefferies, which is owned by Leucadia National Corp., is closing down the rest of the business, according to a statement Thursday from the New York-based firm. (more…)

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Future oil sector mergers set to be more modest http://www.opalesque.com/Commodities_Briefing/?p=135755 http://www.opalesque.com/Commodities_Briefing/?p=135755#comments Thu, 09 Apr 2015 01:17:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135755 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135755>Article Link</a> Oil prices were at multiyear lows. The world’s largest oil and gas companies were slashing jobs and cutting spending. But their stock prices were sagging and executives were under pressure to replenish reserves. The situation sounds like the backdrop to Wednesday’s announcement by Royal Dutch Shell, the oil group with a market value of nearly £127bn, that it plans to buy smaller UK rival BG Group for £47bn excluding debt. (more…)

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Global mining deals to pick up this year http://www.opalesque.com/Commodities_Briefing/?p=135751 http://www.opalesque.com/Commodities_Briefing/?p=135751#comments Thu, 09 Apr 2015 01:16:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135751 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135751>Article Link</a> The number of mining deals worldwide increased in 2014 and this trend is likely to continue this year amid an ongoing commodity price rout that has forced miners to slash capital spending and cut costs, a study released April 8 shows. (more…)

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Shell ‘in advanced discussions’ to buy BG Group http://www.opalesque.com/Commodities_Briefing/?p=135739 http://www.opalesque.com/Commodities_Briefing/?p=135739#comments Wed, 08 Apr 2015 02:56:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135739 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135739>Article Link</a> BG Group has confirmed that it is “in advanced discussions” with energy giant Shell over a possible merger, in what could be one of the biggest deals of 2015. The mega-merger could produce a company with a combined market capitalisation of more than £200bn ($296bn; €274bn). (more…)

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Merger Process With Commodity Regulator to be Smooth: Sebi http://www.opalesque.com/Commodities_Briefing/?p=135518 http://www.opalesque.com/Commodities_Briefing/?p=135518#comments Mon, 23 Mar 2015 02:23:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135518 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135518>Article Link</a> Securities and Exchange Board of India (Sebi) on Sunday said the action plan for proposed merger of Forward Markets Commission (FMC) with itself is under works and expressed hope that the process would be “smooth”. (more…)

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Oil price volatility to curb M&As http://www.opalesque.com/Commodities_Briefing/?p=135237 http://www.opalesque.com/Commodities_Briefing/?p=135237#comments Tue, 03 Mar 2015 01:01:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135237 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135237>Article Link</a> The oil market volatility will likely curb merger and acquisition activity across several sectors in in the first half of 2015, though a sustained low oil price environment will eventually trigger a consolidation trend among small producers in the oil and gas industry, experts told The Daily Star. (more…)

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Sebi-FMC merger: Soon, commexes may start equity trading http://www.opalesque.com/Commodities_Briefing/?p=135202 http://www.opalesque.com/Commodities_Briefing/?p=135202#comments Mon, 02 Mar 2015 01:34:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=135202 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=135202>Article Link</a> Merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India (Sebi) allows a commodity exchange to expand in segments permitted under a stock exchange and vice versa. From the proposed Bill in this regard, “all recognised associations under the Forward Contracts Regulation Act shall be deemed to be recognised stock exchanges under the Securities Contracts Regulation Act”. (more…)

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2015, the dearth of mining M&As http://www.opalesque.com/Commodities_Briefing/?p=134837 http://www.opalesque.com/Commodities_Briefing/?p=134837#comments Tue, 03 Feb 2015 00:23:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=134837 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=134837>Article Link</a> The mining and metals sector is braced for another tough year, with returns set to disappoint investors while mergers and acquisition (M&A) activity is expected to be weak. The year 2014 for the mining sector has been described as tough and 2015 will be no different, chiefly due to the commodity price slump that is expected to dent the level of deal making. (more…)

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Mining M&A expected to double as market elements align http://www.opalesque.com/Commodities_Briefing/?p=133577 http://www.opalesque.com/Commodities_Briefing/?p=133577#comments Thu, 06 Nov 2014 01:16:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133577 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133577>Article Link</a> According to a new Grant Thornton International Ltd. report, the mining sector will herald a new era in mergers and acquisitions (M&A) as a near perfect alignment of factors takes place. Following a slow period for transactions, in which last year’s deal volumes failed to breach the $90bn mark*, Grant Thornton’s research and analysis suggests that a fertile environment will next year lead to a doubling in the value of M&A in the mining sector compared to 2013, irrespective of potential mega-deals such as Glencore and Rio Tinto. (more…)

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Oil price slide will lead to hiatus in M&A-bankers http://www.opalesque.com/Commodities_Briefing/?p=133493 http://www.opalesque.com/Commodities_Briefing/?p=133493#comments Fri, 31 Oct 2014 01:27:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=133493 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=133493>Article Link</a> The recent fall in oil prices will put a nascent recovery in oil sector mergers and acquisitions on hold, senior bankers told an industry conference on Thursday. (more…)

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Gold Price Recovery Will Spark M&A Breakout http://www.opalesque.com/Commodities_Briefing/?p=132519 http://www.opalesque.com/Commodities_Briefing/?p=132519#comments Thu, 04 Sep 2014 01:23:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132519 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132519>Article Link</a> A report titled “M&A and Capital Raising in Mining and Metals, 1H 2014″ from Ernest and Young (EY) says that mining and metals deal values in H1/2014 are “down 69% year-on-year, to $16.7 billion ($16.7B), from $53.8B, with deal volumes down 34% over the same period.” Why aren’t more mergers and acquisitions (M&A) happening in the precious metals space? (more…)

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M&A and capital raising in mining & metals: H1 2014 http://www.opalesque.com/Commodities_Briefing/?p=132222 http://www.opalesque.com/Commodities_Briefing/?p=132222#comments Mon, 18 Aug 2014 03:19:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132222 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132222>Article Link</a> M&A and capital raising activity remained subdued over 1H 2014 - down 69% year-on-year, according to the latest analysis from EY. This was largely the consequence of a continuing commitment to capital discipline and a lack of urgency over investment, given the relative lack of competition for assets. (more…)

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Mining M&A activity subdued despite strong deal pipeline http://www.opalesque.com/Commodities_Briefing/?p=132176 http://www.opalesque.com/Commodities_Briefing/?p=132176#comments Thu, 14 Aug 2014 01:23:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132176 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132176>Article Link</a> Multinational professional services group, Ernst & Young, which nowadays likes to be known as EY, has just produced its latest quarterly Mergers and Acquisitions analysis for the mining sector. This shows that there were around 112 deals in the sector during Q2 this year totaling US$9.5b. Deal volume was down 21% on the previous quarter and down 41% on the same quarter in 2013. (more…)

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PwC: 2Q oil and gas M&A activity strongest in 5 years http://www.opalesque.com/Commodities_Briefing/?p=132142 http://www.opalesque.com/Commodities_Briefing/?p=132142#comments Tue, 12 Aug 2014 02:26:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132142 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132142>Article Link</a> The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice. During the 3-month period ending June 30, 54 oil and gas deals took place with values greater than $50 million, accounting for $42.2 billion, compared with 47 deals worth $30.3 billion during last year’s second quarter. (more…)

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Mining M&A activity subdued despite strong deal pipeline http://www.opalesque.com/Commodities_Briefing/?p=132130 http://www.opalesque.com/Commodities_Briefing/?p=132130#comments Tue, 12 Aug 2014 02:10:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132130 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132130>Article Link</a> Multinational professional services group, Ernst & Young, which nowadays likes to be known as EY, has just produced its latest quarterly Mergers and Acquisitions analysis for the mining sector. This shows that there were around 112 deals in the sector during Q2 this year totaling US$9.5b. (more…)

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Oil and gas mergers escalating among smaller firms http://www.opalesque.com/Commodities_Briefing/?p=132017 http://www.opalesque.com/Commodities_Briefing/?p=132017#comments Mon, 04 Aug 2014 03:41:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=132017 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=132017>Article Link</a> Mergers and acquisitions (M&A) activity is escalating among junior oil and gas companies as they attempt to diversify exploration risk and secure cash flows, according to EY’s latest quarterly report on the sector. (more…)

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PwC: 2Q oil and gas M&A activity strongest in 5 years http://www.opalesque.com/Commodities_Briefing/?p=131974 http://www.opalesque.com/Commodities_Briefing/?p=131974#comments Thu, 31 Jul 2014 02:44:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131974 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131974>Article Link</a> The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice.During the 3-month period ending June 30, 54 oil and gas deals took place with values greater than $50 million, accounting for $42.2 billion, compared with 47 deals worth $30.3 billion during last year’s second quarter. (more…)

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Commodities Today: The Next M&A Targets In The Utility Sector http://www.opalesque.com/Commodities_Briefing/?p=131378 http://www.opalesque.com/Commodities_Briefing/?p=131378#comments Tue, 24 Jun 2014 00:36:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131378 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131378>Article Link</a> Readers know that we watch numerous areas within the commodity arena as well as industries that either have an impact upon, or are impacted by commodity names. Over the last year or two, we have spent considerable time analyzing utility names due to the low rate environment for bonds and our need to add stability to our portfolios after the big run-ups in some of the oil names we have purchased. (more…)

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Food Replacing Oil as China M&A Target of Choice: Commodities http://www.opalesque.com/Commodities_Briefing/?p=131013 http://www.opalesque.com/Commodities_Briefing/?p=131013#comments Mon, 02 Jun 2014 02:21:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=131013 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=131013>Article Link</a> After spending the past decade and more than $200 billion acquiring mines and oilfields from Australia to Argentina, China’s attention is turning to food. (more…)

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Global Agribusiness Set for More Deals http://www.opalesque.com/Commodities_Briefing/?p=130780 http://www.opalesque.com/Commodities_Briefing/?p=130780#comments Fri, 16 May 2014 01:16:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130780 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130780>Article Link</a> Singapore-listed Olam, one of the world’s biggest traders in commodities such as nuts, cotton, coffee and cocoa, reported its third-quarter earnings on Thursday–net profit more than doubled from the previous year to 396.1 million Singapore dollars ($316.8 million). (more…)

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Mining M&A may double with China buying again http://www.opalesque.com/Commodities_Briefing/?p=130657 http://www.opalesque.com/Commodities_Briefing/?p=130657#comments Fri, 09 May 2014 03:37:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130657 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130657>Article Link</a> China, the world’s biggest buyer of metals, is back on the hunt for acquisitions, triggered by a decline in prices and a shift in government policy. Chinese demand for assets may help fuel a doubling in the number of mining deals worldwide this year, according to Jay Leary, law firm Herbert Smith Freehills’s joint global relationship partner for BHP Billiton Ltd., the world’s biggest miner. Copper, iron ore and coal are the top targets, he said. (more…)

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Global metals M&A drops to lowest level since 2008 - Study http://www.opalesque.com/Commodities_Briefing/?p=130507 http://www.opalesque.com/Commodities_Briefing/?p=130507#comments Tue, 29 Apr 2014 02:51:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130507 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130507>Article Link</a> Quarterly mergers-and-acquisition activity in the global metals market dropped to its lowest level since 2008 as over-capacity and weak pricing, particularly in the steel segment, remains a concern among buyers, consultancy and accountancy firm PriceWaterHouseCoopers said Monday. (more…)

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World’s two largest gold miners in talks to merge http://www.opalesque.com/Commodities_Briefing/?p=130416 http://www.opalesque.com/Commodities_Briefing/?p=130416#comments Wed, 23 Apr 2014 02:19:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130416 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130416>Article Link</a> The world’s two largest gold miners, Barrick and Newmont, have been in talks to merge over the past week, highlighting the difficult environment for miners since shares started falling in 2011. A merger would create a $30bn super-company likely to clear antitrust hurdles because it would only account for 13% of global mine production, well below the 35% threshold Canadian antitrust regulators care about. (more…)

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China Minmetals to buy world’s biggest copper mine http://www.opalesque.com/Commodities_Briefing/?p=130338 http://www.opalesque.com/Commodities_Briefing/?p=130338#comments Wed, 16 Apr 2014 00:57:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130338 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130338>Article Link</a> Minmetals China announced in April 14, that it has put pen to an agreement to buy Glencore Xstrata’s Las Bambas copper mine project in Peru for 5.85 billion U.S. dollars. The project marks the largest external metal mining purchase by a Chinese enterprise. (more…)

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Global commodity traders get deal fever http://www.opalesque.com/Commodities_Briefing/?p=130304 http://www.opalesque.com/Commodities_Briefing/?p=130304#comments Mon, 14 Apr 2014 04:18:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=130304 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=130304>Article Link</a> Big changes are under way among global energy and food commodity traders, with a flurry of first-quarter acquisitions and leadership moves that cover Asian, European and North American companies. (more…)

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Meet the Swiss traders who just bought JP Morgan’s commodities business for $3.5 billion http://www.opalesque.com/Commodities_Briefing/?p=129995 http://www.opalesque.com/Commodities_Briefing/?p=129995#comments Fri, 21 Mar 2014 01:16:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=129995 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=129995>Article Link</a> A global commodities giant in less than a decade. That’s where Mercuria Energy Group is headed. Launched in 2004 by former Goldman Sachs traders Marco Dunand and Daniel Jaeggi, the Geneva, Switzerland-based company was the sixth biggest commodities firm last year, with revenues of $98 billion. (more…)

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Metals M&A to remain in low gear during 2014: PwC http://www.opalesque.com/Commodities_Briefing/?p=129758 http://www.opalesque.com/Commodities_Briefing/?p=129758#comments Thu, 06 Mar 2014 01:48:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=129758 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=129758>Article Link</a> In fact, M&A activity in the Asia Pacific region, now account for 61% of all deal value globally, compared to only 19% in 2011, according to PwC’s new report, ‘Metals Deals: Forging Ahead 2014 outlook and 2013 review’. (more…)

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M&A in the metals sector at an 8-year low http://www.opalesque.com/Commodities_Briefing/?p=129559 http://www.opalesque.com/Commodities_Briefing/?p=129559#comments Fri, 21 Feb 2014 03:08:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=129559 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=129559>Article Link</a> Merger and acquisition activity in the metals sector plunged 30 per cent in 2013 to an eight-year low, as slow global growth, falling prices and production overcapacity made it hard for buyers and sellers to agree on valuations. (more…)

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Swiss firm Mercuria in talks to buy JPMorgan’s commodities unit http://www.opalesque.com/Commodities_Briefing/?p=129351 http://www.opalesque.com/Commodities_Briefing/?p=129351#comments Fri, 07 Feb 2014 00:57:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=129351 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=129351>Article Link</a> The Mercuria Energy Group, a fast-growing energy and commodities trading company, is in exclusive talks to acquire the physical commodities business of JPMorgan Chase, according to a person familiar with the discussions. (more…)

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Global mining, metals M&A activity to pick up in 2014 — Study http://www.opalesque.com/Commodities_Briefing/?p=129262 http://www.opalesque.com/Commodities_Briefing/?p=129262#comments Mon, 03 Feb 2014 03:23:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=129262 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=129262>Article Link</a> Deal-making across the global metals and mining sector is set to pick up in 2014 following a seven-year low in mergers and acquisitions volume last year, said consultancy and accountancy firm Ernst & Young. The pickup in activity likely will be driven by improving economic sentiment, healthier balance sheets among the large miners, and the presence of private funds with more than $10 billion looking to invest in the mining sector, Ernst & Young said. (more…)

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Financial Technologies sells Singapore commodities bourse to ICE http://www.opalesque.com/Commodities_Briefing/?p=128256 http://www.opalesque.com/Commodities_Briefing/?p=128256#comments Wed, 20 Nov 2013 01:32:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=128256 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=128256>Article Link</a> Embattled Financial Technologies (India) Ltd is selling its Singapore Mercantile Exchange (SMX) unit to Intercontinental Exchange Group Inc for $150 million. (more…)

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Outlook for mining sector M&A http://www.opalesque.com/Commodities_Briefing/?p=128016 http://www.opalesque.com/Commodities_Briefing/?p=128016#comments Mon, 04 Nov 2013 03:55:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=128016 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=128016>Article Link</a> It’s no secret that mergers and acquisitions (M&A) activity in the mining sector is in the dumps. According to PWC, deal volume in the first half of 2013 declined 31% as compared to the same period last year. Deal value declined 74%. Excluding Glencore’s $54 billion acquisition of Xstrata in 2012, deal value is still down 21%. (more…)

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Cost-conscious miners are not looking to splash the cash on M&A http://www.opalesque.com/Commodities_Briefing/?p=127164 http://www.opalesque.com/Commodities_Briefing/?p=127164#comments Mon, 09 Sep 2013 02:42:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=127164 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=127164>Article Link</a> How things change. This time last year, the biggest story in mining was the noise around commodity trading giant Glencore’s $54bn (£35bn) tie-up with mining group Xstrata, the largest yet seen in the sector. (more…)

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