Mining M&A quarterly newletter - Q4 2014 | KPMG | CA

Mining M&A Newsletter - Q4 2014

Mining M&A Newsletter - Q4 2014

While oil grabbed the headlines in the fourth quarter of 2014, the mining industry continued its quieter struggles.

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Mining M&A quarterly newletter - Q4 2014

While oil grabbed the headlines in the fourth quarter of 2014, the mining industry continued its quieter struggles. Equity indices and key metal prices declined again in near-repeat performance of the third quarter. The number of global M&A transactions in Q4 was identical to the third quarter (30), but deal value jumped 61 percent largely on the strength of one $2 billion blockbuster copper deal. It is important to note that global deal value still would have risen by $1.4 billion excluding this transaction. The copper deal catapulted Canada back into M&A activity as the major acquirer of the fourth quarter, and established the U.S. as the major target. China was the runner-up in both categories. Next to copper at 26 percent of deal value, gold (17 percent), iron ore (17 percent) and coal (15 percent) were the most active minerals.

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