In the first quarter of the current year, the Chinese mining industry witnessed 32 merger transactions, worth a total value of $7.9 billion, according to Ernst & Young, one of the world's leading professional services organizations.
In the whole of 2011, the mining industry in China saw the completion of 122 merger transactions with a total value of $14.9 billion, rising by 14 percent compared to 2010.
In 2011, the global mining industry saw 1,008 merger transactions valued at $162.4 billion, up 43 percent year on year.