Global mining M & A more and more successful Chinese model - mining, iron ore - metal industry
Global mining M & A more and more successful Chinese model - mining
, iron ore - metal industry
China's economic take-off speed quickly is becoming the focus of world attention, Chinese companies are also accelerating in the world to buy mine enclosure. Come in a series of successful acquisitions, shareholding, to enrich the strength of our industrial economy, although iron ore negotiations, not victory, but the Wuhan Iron and Steel Group's acquisition of iron ore resources in Brazil EBX equity; the joint development of aluminum and Rio Tinto iron ore in West Africa; China Railway Construction in Tongling Nonferrous 4.4 billion joint acquisition of Canadian copper mine; Shunde large private enterprises acquire Chile iron ore mining rights in 70%; Yunnan Copper layout of Kazakhstan in Central Asia acquired copper; Zijin Mining 545 million Australian dollars will buy gold in Australia, This series of messages encouraging enough.
Chinese companies last year, winners of the global mining M & A transactions Jinsan Cheng
Global cross-border trade, China's trade reached 16100000000 U.S. dollars, accounting for 27% of turnover. Canada and Australia is the most important area, where mining development of mature and high safety factor.
Ernst & Young China Energy Chemical industry Guoqiang said the industry managing partner, according to the customers reflect the situation of China's overseas purchases this year, mine will remain strong, Africa, South America, Chinese companies will become the new destination for overseas purchasing mine. Meanwhile, Chinese enterprises investing overseas purchase mine in the increasingly forming alliances.
Mining enterprises in China Financial Overseas M & A action in crises, so that many of the world resource companies staggering, but the scale of mergers and acquisitions of Chinese enterprises in the end how little attention has been given precise answers.
"Scale mergers and acquisitions over the past 10 years, more than 50 billion U.S. dollars." This is the Ernst & Young yesterday, given the number of mergers and acquisitions over the past two years, the scale of 10 years accounted for 80% of the total. In other words, only in 2008 and 2009, the scale of Chinese companies on overseas mining acquisition of 400 million. China's Overseas M & A service charge of Ernst & Young partner Wu Zhengxi emphasized that the judge is based on customer understanding of the situation and the statistics made.
According to statistics provided by Ernst & Young in 2009, the global mining and metals industry M & A transactions completed by 1047, turnover of 60 billion U.S. dollars, about 44% of the acquisition of the subject in Australia, the United States or Canada. Of these, China in 2009 in the mining and metals industry M & A transactions amounted to 16.1 billion U.S. dollars, accounting for the total global trade in the industry 27%.
"This trend will continue in 2010." Ernst & Young energy and chemical industry in China Guo-Qiang Wu, Managing Partner of M & A market this year, in talking about seems very optimistic, but he said that in the past two years, the mining enterprises of this year M & A form may be directly controlled from the steering part of the shares.
"In the past year, the financial crisis has led many foreign mining enterprises financing channels dried up and commodity prices, while China has a large amount of cash during the rise of overseas Chinese enterprises that create the conditions for acquisition." Guoqiang said However, the situation this year than they used to.
When asked about the Chinese mining enterprises of RMB appreciation on the impact of overseas acquisitions, Guo-Qiang Wu on "International Finance News" reporter, said the yuan revaluation will help domestic enterprises with less money buy overseas resources, the acquisition is completed, If the yuan continues to appreciate the meaning of overseas assets shrink. He did not advocate a significant appreciation of the RMB exchange rate remained stable at present is a priority, the exchange rate should not be affecting the fundamental factors of overseas mergers and acquisitions.
Wuzheng Xi said the global financial crisis, the market for the issue of China's economy is still very sensitive to the various signals, which will result in commodity prices and continued volatility in asset values, which means more challenging trading environment. She pointed out that the 2010 global mining and metals industry will continue M & A transactions.
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Global mining M & A more and more successful Chinese model - mining, iron ore - metal industry