MERCHANDISER


Win a 2 Night Stay For Two including Spa Treatment


In celebration of its first birthday, London Syon Park are giving Commodities Now reader’s the chance to win a two night stay at the hotel (for two) plus a dinner for two at The Capability (including spa treatment).


Competition


London Syon Park A Waldorf Astoria Hotel Middlesex, TW8 8JF (SatNav: TW7 6AZ) T: +44 (0) 20 7870 7777 F: +44 (0) 20 7870 7787


www.londonsyonpark.com *This prize is subject to availability and valid for one year from 15th March 2012.


To enter email us with your answer to the following question: What will the price of Brent Crude be on Tuesday May 1st The price will be provided as the mid point quoted by ICE


Email your answer and business contact details to: char@commodities-now.com


All entries must be received by April 16th , 2012 The state-of-the-art Kallima Spa provides a haute couture spa service.


Eschewing the traditional spa menu concept, book time, not treatments, for a made-to-measure experience based on expert individual consultation, to ensure everyone’s needs are catered for.


(5pm UK time)


Mining Growth Markets


Gain Traction: Western markets beware


In 2011, growth market miners by value represented almost a quarter (24%) of global mining M&A. This is nearly 50% higher than the total deal value seen at the 2006 market peak and compares to the less than 1% penetration observed at the start of the millennium for the same group, according to PwC’s Global Mining 2011 Deals Review & 2012 Outlook: On the road again report.


“While these markets aren’t yet dominant, with each passing year, growth market miners are increasingly becoming forces to be reckoned with,” according to Jason Burkitt, UK mining leader at PwC. “Africa is set to emerge as one of the most important mining geographies of 2012 with unparalleled resource potential and an increasing investor climate,” he asserts.


In 2011, more than 2,600 M&A deals worth $149


billion were announced in the global mining sector. Volumes were close to historic highs and values were 33% higher than 2010. The United States, Australia and Canada led the charge in mining sector deal making, accounting for 53% of annual acquisition values, up from 46% the previous year – while 30% of all 2011 global mining acquisitions involved a Canadian buyer, a greater proportion than any other one country.


Although still only representative of a very small


portion of the global mining M&A market, buyers based in India, Indonesia, South Korea and the Philippines made some notable moves in 2011.


In 2012, the report forecasts continuing high M&A


volumes and values in the global mining sector. “With demand for new projects, rising production


costs and declining developed world reserves, miners will seek out targets to build scale and achieve cost efficiencies.


“Activity will be underpinned by the continued need


for base and precious metals by the world’s rapidly industrialising nations,” says Burkitt.


“Numbers don’t lie. Developed nations have to ask


themselves what is the long-term cost of not doing business in the growth markets. They need to be more aggressive,” he adds.


The shifting centre of gravity, from the west to the east,


will increasingly challenge the traditional economics behind mining M&A and force Western entities, especially boards and shareholders, to reconsider the protocol in which the balances of risk and reward are weighed.


An increasingly friendly investor climate will prompt


an ‘African Renaissance’ characterised by increased investment into Africa’s unparalleled mining sector


www.pwc.com March 2012 23


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84