The vast majority of recent M&A activity in the coal sector has been focused on Australia and Indonesia owing to the increasing energy needs of China and India as well as the need for further industry consolidation.
Published: Saturday, 18 December 2010 03:29
Written by John Miller
However, analysis by Wood Mackenzie indicates a global shift in activity towards the US.
Analysis shows the total number of deals completed this year is comparable to the previous 12 months; however the disclosed acquisition spend is down 16% from 2009 levels - at US$10.9 billion.
Wood Mackenzie head of coal supply research Gero Farruggio says the vast majority of M&A activity has been focused in Australia and Indonesia. There has been 27 deals in 2010 to date, compared to 25 in 2009, with single asset transactions accounting for 15 deals - up 50% on 2009 levels.
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