M&A activity increasingMining and metals companies rethinking investment decisions: Ernst &Young
https://www.stockhouse.com/Breaking-Financial-News/Mining-and-metals-companies-rethinking-investment-
According to a press release, increased activity in June points to a return in mining and metals M&A momentum, with deals totalling more than US$10 billion completed and an increase in 1H 2012 volumes over 2H 2011. Strong balance sheets among producing companies, favourable long-term fundamentals and lower valuations are creating an attractive environment for opportunistic M&A
"We're already seeing mining and metals companies take advantage of recent changes in market conditions with synergistic deals," says Crosson. "So far this year we've seen 20 megadeals - of US$1 billion in value or greater - completed, up from 15 in the same period last year