Resource nationalism again named as miners' biggest headache

The increasing spectre of resource nationalism has again been flagged as the number one risk facing mining companies, this time by Ernst & Young. In its yearly report, Business risks facing mining and metals 2011-2012, the company said...

Copper to take the M&A spotlight: Ernst & Young

Canada led the world in mining acquisitions for the first half of the year, both for acquirers and targets, and low debt and big cash balances mean deal flow is likely to continue for the rest of the year, Ernst & Young said on Wednesday....

McEwen's Minera Andes to spin out Argentina copper project

Minera Andes, led by Goldcorp founder and ex-CEO Rob McEwen, will spin out its Los Azules copper project into a new publicly traded company, the firm said on Thursday. The project, in Argentina's San Juan province, has an indicated mineral...

Mining financings, IPOs to continue strong in 2011 - E&Y

The market capitalisation of mining-sector listings on the TSX and TSX Venture Exchange rose to a record $467-billion in 2010, up 44% compared with $325-billion a year earlier, Ernst & Young said in a report on Wednesday. There were 52 initial...

Canada 'destination of choice' for mining deals, E&Y says

Canada has become a destination of choice for dealmaking in the mining sector, and activity will likely increase further in 2011, Ernst & Young said on Wednesday. E&Y, which published its annual dealmaking report for the sector on Wednesday, said...

Miners must consider not just what, but where they're buying

Mining mergers and acquisitions have made a huge comeback in Canada, with new deals springing up like popcorn. Resources bosses need to remember the painful lessons learned after the crash. Nowadays, there are also new risks around resource...

'Patient' buyers can wait out reluctant sellers

A lot of the mining industry, particularly juniors, still has a very conservative attitude towards merger and acquisition activity, Ernst & Young Canada mining leader Tom Whelan said on Wednesday. A lot of predictions have been made this week as...

Miners walk the line between risk, opportunity

Mining companies must be careful to find a balance between caution, learned the hard way during the financial crisis, and the potential value to be added by acting quickly on growth opportunities that become available, Ernst & Young said on...

Exploration dearth may have big consequences when demand returns - E&Y

Industry-wide cuts in exploration spending and activity, as miners try to put a lid on costs, could send commodity prices soaring when economic activity rebounds, Ernst & Young said in a report on Tuesday. In the current environment, and despite...