After the frenetic activity in the mining sector two years ago, uncertainty about the trajectory of commodity prices is likely to subdue the level of MA deals this year. Nervous equity markets and restrained lending by banks will reinforce the cautious trend set in 2012.
Yet, as metal prices stabilise and companies bet on the continued rise in commodity demand from countries such as China, transactions are still expected, albeit at a cautious pace, according to a mining report released by PwC yesterday.
“Deal activity globally in 2013 is expected to continue at moderate levels, well behind the frenzied pace of 2011 as miners continue...
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