FORMER BHP Billiton chief executive Chip Goodyear predicts shareholder returns from international mining giants will fall in the next decade.
He says the global mining sector will fragment with entrants such as China’s state owned-enterprises forcing major miners to loosen their grip on individual commodities. But the man who steered the group to its position as [...]
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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 [...]