ey.com/miningMay 2013Mining & MetalsMergers, acquisitions and capitalraising in mining and metalsQ1 2013 factsheetQ1 2013 ...
03285105613,2705,0666,600Middle EastEuropeAfricaLatin AmericaNorth AmericaAsia PacificCISThe CIS region emerged as the pre...
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E&Y - Mergers, Acquisitions and Capital Raising in Mining Metals

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This publication is part of a quarterly series on mergers, acquisitions and capital raising in mining and metals. Q1, 2013

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E&Y - Mergers, Acquisitions and Capital Raising in Mining Metals

  1. 1. ey.com/miningMay 2013Mining & MetalsMergers, acquisitions and capitalraising in mining and metalsQ1 2013 factsheetQ1 2013 total deal value declined 45% year-on-year, while deal volume fell 35% to168 deals.Proceeds of $92b were raised in Q1 2013, representing a 36% year-on-year increase inproceeds. The increase was underpinned primarily by an uptick in loan proceeds as a resultof refinancing, acquisition and trade credit facilities closed by three of the investment grademajors. The volume of issues fell by 13%, with IPOs seeing the largest decline.0501001502002503003504002007 2008 2009 2010 2011 2012 Q1 2012 Q1 2013Proceeds$bLoans Bonds Convertibles Follow ons IPOsQ1 2012 Q1 2013 Y-o-Y changeVolume 258 168 -35% qValue ($m) 29,800 16,335 -45% qAverage value ($m) 116 97 -16% qCross border (% share of volume) 52% 48% -5% qMedian value ($m) 5.1 5.7 11% pThis publication is part of a quarterlyseries on mergers, acquisitions andcapital raising in mining and metals.Please visit ey.com/Mining to readour most recent Mergers,acquisitions and capital raising inmining and metals: 2012 trends,2013 outlook.Only completed deals are includedand the data is primarily sourcedfrom ThomsonONE.com.Capital raising by asset class (2007–Q1 2013)
  2. 2. 03285105613,2705,0666,600Middle EastEuropeAfricaLatin AmericaNorth AmericaAsia PacificCISThe CIS region emerged as the preferred destination for M&A.Russia was the most targeted CIS destination, followed by Kazakhstan — primarilyfor access to gold assets.Value of deals by target region ($m) (Q1 2013)0151541,8604,3954,7515,160Middle EastAfricaLatin AmericaCISAsia PacificNorth AmericaEuropeEurope was the most acquisitive region in Q1 2013 by deal value. Majority of thedeals were cross-border with acquisitions made in Africa, CIS and the Americas.Value of deals by acquiring region ($m) (Q1 2013)Gold was the most targeted commodity in Q1 2013, accounting for 43% of the globaldeal value.Value of deals by target commodity ($m) Ernst & YoungAssurance | Tax | Transactions | AdvisoryAbout Ernst & YoungErnst & Young is a global leader in assurance,tax, transaction and advisory services.Worldwide, our 167,000 people are united byour shared values and an unwaveringcommitment to quality. We make a differenceby helping our people, our clients and our widercommunities achieve their potential.Ernst & Young refers to the global organizationof member firms of Ernst & Young GlobalLimited, each of which is a separate legalentity. Ernst & Young Global Limited, a UKcompany limited by guarantee, does notprovide services to clients. For moreinformation about our organization, please visitwww.ey.com.About Ernst & Young’s Global Mining & MetalsCenterWith a strong but volatile outlook for thesector, the global mining and metals sector isfocused on future growth through expandedproduction, without losing sight of operationalefficiency and cost optimization. The sector isalso faced with the increased challenges ofchanging expectations in the maintenance ofits social license to operate, skills shortages,effectively executing capital projects andmeeting government revenue expectations.Ernst & Young’s Global Mining & Metals Centerbrings together a worldwide team ofprofessionals to help you achieve yourpotential — a team with deep technicalexperience in providing assurance, tax,transactions and advisory services to themining and metals sector. The Center is wherepeople and ideas come together to help miningand metals companies meet the issues of todayand anticipate those of tomorrow. Ultimately itenables us to help you meet your goals andcompete more effectively. It’s howErnst & Young makes a difference.© 2013 EYGM Limited.All Rights Reserved.EYG no. ER0063This publication contains information in summary form and istherefore intended for general guidance only. It is not intendedto be a substitute for detailed research or the exercise ofprofessional judgment. Neither EYGM Limited nor any othermember of the global Ernst & Young organization can acceptany responsibility for loss occasioned to any person acting orrefraining from action as a result of any material in thispublication. On any specific matter, reference should be madeto the appropriate advisor.www.ey.com/miningmetalsED None6,8822,6112,1361,2159065402,044GoldTitaniumSilver lead zincCoalRare earths/lithiumSteelOthers*

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