Appetite for mining deals remains strong despite Q1 decline

While the volume and value of mining merger and acquisition (M&A) transactions declined in the first quarter, advisory firm Ernst & Young (E&Y) said on Tuesday that the appetite for deals remained substantial. The volume of M&A transactions fell...

E&Y to prepare data system for Indian mineral sector

India’s Mines Ministry has mandated advisory firm Ernst & Young (E&Y) to prepare the detailed project report (DPR) for an online computerised Mining Tenement System (MTS), to bring the functions of the directorates of mining and geology (DMGs)...

Iron-ore, coal miners urged to get ready for MRRT

Australian iron-ore and coal miners have been urged to start preparing for the minerals resource rent tax (MRRT), in order to meet compliance and reporting obligations, as well as to position themselves to adopt the most tax-effective structure....

Skills shortage continues to plague mining sector

One of the most significant challenges facing the global mining fraternity is the continued skills shortage.

Smaller deals to dominate Australian M&A this year

Merger and acquisition (M&A) activity in Australia would be dominated by smaller size deals this year, as well as joint ventures to access funding for infrastructure development and divestments of noncore or higher risk assets, advisory firm Ernst...

Miners have strong appetite for M&A - report

Healthy demand fundamentals, strong balance sheets and an appetite for growth will drive a step-up in mergers and acquisitions (M&A) in the global mining and metals sector in 2012, Ernst & Young (E&Y) global mining and metals transaction leader...

Mining Indaba Schedule

$7bn of platinum for cars, Zim banking wanted, miners keen on M&As

The platinum glut is set to diminish just as mine production declines for the first time since 2008; Foreign mining companies operating in Zimbabwe may be required to bank their money with local financial institutions; Ernst & Young reports an...

Miners cash-strong in volatile global market

Mining companies had adapted to the turbulent global economic situation by reducing debt and building strong cash-positive balance sheets to weather the volatile market conditions of 2012, Ernst & Young (E&Y) transaction advisory services Africa...

Zambia not looking to take 35% of mines – First Quantum chair

Copper miner First Quantum Minerals, which saw its shares plunge over 12% in Toronto on Wednesday, said that supposed plans by the Zambian government to take a 35% stake in the country’s mines were “misreported”. Speaking in a conference...

Cashed up miners likely to step up M&A

Mining merger and acquisition (M&A) activity could pick up in the final quarter of the year, as cashed up companies take advantage of recent declines in valuations, Ernst & Young (EY) said on Wednesday. M&A activity dropped 6% in the first three...

Silvercorp to reward shareholders with any damages from NY lawsuit

Silvercorp Metals, suing its anonymous fraud accusers in a New York County Supreme Court suit, will return any damages it wins to shareholders, chairperson and CEO Rui Feng said on Friday. "The money we can claim back, we will just give to all...