Merger and acquisition activityWe can only hope :)
TORONTO, Feb 11 (Reuters) - Merger and acquisition activity in the mining sector is likely to pick up pace in 2010 as producers shift their focus from cutting costs to driving growth in a recovering global economy, according to a report released on Thursday.
In the fourth quarter of 2009, 32 takeovers involving mining companies were announced, up from 21 in the third quarter and 17 each in the first and second quarters, the PriceWaterhouseCoopers (PwC) report said.
Early last year, miners were scrambling to deal with plunging metals prices following the late 2008 financial crisis, said PwC, an advisory firm.