China mining industry made $50 billion worth of overseas M&A – People’s Daily Online

The Chinese mining industry has carried out overseas mergers and acquisitions worth more than 50 billion U.S. dollars in the last decade, according to statistics from Ernst & Young.

In 2008 and 2009, the industry’s mergers and acquisitions totaled 40 billion U.S. dollars, which accounts for 80 percent of the total number in the past 10 years.

Data shows that the global mining and metal industry had 60 billion US dollars in trading volume for 2009 while China accounted for 27 percent of the gross.

via China mining industry made $50 billion worth of overseas M&A – People’s Daily Online.

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