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Day: July 28, 2011

NEWS RELEASE (Ernst & Young): Value of mining M&A continues to climb

http://www.ey.com/CA/en/Industries/Mining—Metals

First half deal value doubles year-on-year

London 25 July 2011 – The thirst for natural resources from rapidly developing economies continues to drive M&A in the mining sector, but the pace of growth in deal-making is being tempered by uncertainty around global macroeconomic issues and resource nationalism concerns around the world.

Total deal value for January—June 2011 doubled compared to January—June 2010, up from US$47.9b to US$96.3b.

There were slightly fewer deals in the same period, with 573 for the H1 2010 compared to 511 to 30 June this year, reinforcing the view that while larger deals are being executed there is still a level of uncertainty around doing M&A given the current macro-economic backdrop.

The number of mining & metals sector IPOs globally was up 30% from 56 in H1 2010 to 73 in H1 2011. Total proceeds from IPOs were up 107% from US$6.3b to US$13.0b, although this is dominated by the US$10 billion Glencore listing.

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Ontario Mining Association helps get teachers back to school for mining education

This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.

The Ontario Mining Association will be one of the presenters at the second annual Teachers’ Mining Tour, which is being held at the Canadian Ecology Centre near Mattawa.  Thirty teachers from across the province will participate in the educational workshop being held August 15 to 19, 2011.   

The goal is to help educators learn more about the realities of modern, high tech, solution-providing, environmentally responsible mining in Ontario.  The Teachers’ Mining Tour is a professional development program for Ontario teachers and teachers in training. Teachers taking the course will be able to earn a component of their Environmental Science Additional Qualification through Nipissing University and the Ontario College of Teachers.

During the week, Lesley Hymers, OMA Environment and Education Specialist, will be making presentations on OMA education and outreach initiatives such as the So You Think You Know Mining high school video competition and the OMA’s collaboration with Skills Canada Ontario, which promotes trades and technologies as career options for students.

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