Ernst & Young: Slowdown in global mining merger activity in H1

According to US-based professional financial service provider Ernst & Young LLP, in the first half of the current year global mining merger activities decreased, while the average transaction value of each merger increased.
 
As of the end of June this year, year-to-date mergers in the global mining sector totaled 511, down 10.8 percent compared to 573 in the same period of 2010. The average transaction value of each merger in H1 2011 reached $96.3 billion, up from $47.9 billion in H1 2010.
 
Ernst & Young also predicted that in the remainder of 2011 and in the whole of 2012 global mining merger activity will rise, with increases anticipated in transaction values.