Mining Deals - 2009 Annual Review
In 2009, mining Mergers and acquisitions (M&A) saw significant decreases in values and also changes in the characteristics of buyers and sellers.Sellers were acting largely through necessity to strengthen balance sheets. This was particularly so where viable capital raising options had been exhausted for survival rather than seeking expansion and development capital. As debt markets contracted, buyers were limited to those with the financial capacity, and those who continued to take a long term view on the resources sector.
Looking forward, cautious optimism appears to be prevailing and M&A activity should return in line with increasing commodity prices, credit availability and investor confidence.
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