Following a torrid year for mergers and acquisitions (M&A) in the mining industry, deal activity in the sector is predicted to rise once again, according to a new report from PricewaterhouseCoopers (PwC).
PwC expects mining activity to recover this year as developed economies stabilise and mining companies take a more strategic approach to adding assets.
John Gravelle, global mining leader at PwC, said that the historically low level of M&A deals last year meant mining companies have had to turn to new strategies to survive.
“Many companies looking to buy are eyeing similar commodities in familiar regions where they are already operating,” he explained.
“While overall, the mining sector has experienced short-term pain for what could be longer-term gain. To once again create shareholder value and extend mine life, miners will need to continue to acquire assets.”
In its report, the consulting group highlighted some of the…
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