Abstract The Perth Real-Time News Network reported on March 25 that the accounting firm PricewaterhouseCoopers recently released a report saying that Australia's mining industry will benefit from the needs of China, Japan and India. China will not slow down the pace of importing Australian ore, at the same time, Japan and India...
Australia's Perth real-time news network reported on March 25 that the accounting firm PricewaterhouseCoopers recently released a report that the Australian mining industry will benefit from the needs of China, Japan and India. China will not slow down the pace of importing Australian ore, while Japan and India are actively seeking more orders. The report also said that well-funded Chinese companies will become the big winners of this year's mineral industry. PricewaterhouseCoopers said in the report that the mining industry will not continue the trend of large-scale mergers and acquisitions last year. Instead, the industry will focus on existing assets to create value for shareholders. According to the report, mineral prices will stabilize in 2013, and China's demand will also increase as the economy continues to urbanize. Iron ore, copper, coal and nickel mines will be big winners in the next few years.
Jock O'Callaghan, head of the mining division at PricewaterhouseCoopers, believes that the price of mineral products will continue to fluctuate in the short term, but will continue to rise in the medium to long term. In order to meet China's economic growth and urbanization needs, China's demand for overseas minerals should not diminish.
Callaghan also said that last year, Chinese-funded institutions only involved 9% of M&A cases, but M&A demand will continue to rise in the next five years. Major miners, including Rio Tinto, will still sell their non-core assets in the next 12 months.
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