Global Mining Deals 2012
More than 2600 deals worth $149 billion in 2011 overcame economic weakness, falling commodity prices and declining share prices to make the year the second busiest in history. Volumes were close to historic highs and values were up 33 per cent on 2010 – almost double the year before – according to PwC's Global Mining 2011 Deals Review & 2012 Outlook: On the Road Again?
Australia, The United States and Canada dominated global deal making, accounting for 53 per cent of annual acquisition values, up from 46 per cent on the previous year. Australians were the most acquisitive, accounting for 22 per cent of market share value – up 3 per cent on the year before – followed by the Americans, who knocked out the Chinese in third spot.
On the sell side of the ledger Australia was ranked number two, with 20 per cent of market share, second only to the United States.
Mr O'Callaghan said while the numbers were another "clear demonstration" of the Australian resource sector's strength he warned that Australia's position as a popular destination for inbound acquisition will become harder to maintain as it competes with new opportunities in Africa and other growth markets.
Australia, The United States and Canada dominated global deal making, accounting for 53 per cent of annual acquisition values, up from 46 per cent on the previous year. Australians were the most acquisitive, accounting for 22 per cent of market share value – up 3 per cent on the year before – followed by the Americans, who knocked out the Chinese in third spot.
On the sell side of the ledger Australia was ranked number two, with 20 per cent of market share, second only to the United States.
Mr O'Callaghan said while the numbers were another "clear demonstration" of the Australian resource sector's strength he warned that Australia's position as a popular destination for inbound acquisition will become harder to maintain as it competes with new opportunities in Africa and other growth markets.
Please contact
- Tim Goldsmith
- Global Mining Leader
- Tel: +61 3 8603 2016
- Jock O'Callaghan
- Australian Energy, Utilities & Mining Leader
- Tel: +61 3 8603 6137
- Ben Gargett
- Director
- Tel: +61 3 8603 2539
- Jacqui Thurlow
- Energy, Utilities & Mining Industry Manager
- Tel: +61 3 8603 3267
Of further interest
- Media Release: The West and The Rest: Risk & Reward Reassessed
- Global Mining Deals 2011 [PDF 1.7 MB]
- Global Mining Deals 2010 [PDF 1.1 MB]