Mine Deals Grow

Source:

The number of mining deals around the world grew by 69% in 2007, with much of that happening in Canada, according to a survey released by PricewaterhouseCoopers yesterday.

The number of mining deals around the world grew by 69% in 2007, with much of that happening in Canada, according to a survey released by PricewaterhouseCoopers yesterday.

The total value of those transactions was $158.9 billion US last year, up by 18% over 2006. Of the 2007 deals, Canadian companies were targets 32% of the time, up from 23% the year before.

Canada was followed by Australia and China - targets, respectively, 22% and 9% of the time.

Canadian companies were also the majority of acquirers: they purchased 41% of the time, up from 34% last year.

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