Loading ...There were signs of life for mining M&A last year with a new SNL Mining and Metals report showing transactions for base metals and gold assets almost doubled last year.
A total of 73 acquisitions that were individually valued at over $10 million brought the value of deals last year to $21.6 billion, compared with $11.9 billion in 2013.
That said, despite the near doubled year-on-year increase, 2014’s total was the third lowest in the past ten years, with only 2013 and 2009 (less than $15 billion) being lower.
Quebec is now ready to add jump in as well with the semi-autonomous Canadian region ready to pul the trigger on its Can$1 billion ($798 million) fund dedicated to buying equity stakes in mining and other natural resources projects reports Bloomberg.
The Economy Minister Jacques Daoust on Wednesday said Quebec’s Capital Mines Hydrocarbures may invest as much as C$200 million in a single project to bring projects into production:
more http://www.mining.com/quebec-fund-ready-pull-trigger-1bn-mine-investments/