More coalitions in the Brazilian mining
04/17/2009
razil was in the wrong way of the world mining and it increased the volume of coalitions and acquisitions last year. As a study of PricewaterhouseCoopers (PwC), Brazil moved US$ 17,7 billion with coalitions and acquisitions in the segment, against US$ 3,6 billion in 2007.
The mining world industry had fall of 61% in the coalitions and acquisitions in 2008, that were in level verified by the last time just in 2005. As the publication, the growth of the South American continent, of US$ 8,7 billion in 2007 to US$ 22,8 billion in 2008, happened due to the acceleration of the activities in Brazil.
The study, called Mining Deals 2008, indicates that the development of the industry of the mining in China is a tendency, since, in February of 2009, transactions were announced among big companies of great load, as the US$ 19,5 billion invested by Chinalco in Dyed Rio. There was also the offer of China Minmetals of US$ 2,5 billion for purchase of Oz Minerals and the investment of US$ 900 million of Hunan Valin on Fortescue.
The negative scenery, that took to the reduction of the level of the activity of coalitions and acquisitions in the global industry in 61%, is due to Lehman Brothers's collapse in September of 2008, that it affected the section and caused strong fall in the prices of this commoditie.
"We are testifying a singular atmosphere of negotiations that will modify the command of the organizations. The inconstancy in the price of his commoditie, combined to the impediments of the financial crisis allow the section polarized among the fort and the weak", explains in note the partner Tim Goldsmith, global leader in the area of mining of PricewaterhouseCoopers.