Expect Further Australian Gold, Coal Consolidation in 2015

Mining Weekly reported that according to Ernst & Young, consolidation in Australia’s gold and coal spaces is set to continue in 2015.

As quoted in the market news:

Gold consolidation has been a key driver of transaction activity in Australia, accounting for 30 of the 85 Australian-target deals in 2014.

‘Outside the gold and coal sectors, there has been little urgency to complete deals quickly, but we are seeing signs of momentum slowly building,’ said [Paul Murphy, Ernst & Young’s Asia-Pacific mining & metals transactions leader].

‘Continued weakness of the iron-ore price increases pressure for restructuring, rationalisation and refinancing, which will act as a catalyst for merger and acquisition (M&A) activity in the midtier and higher cost end of the industry.’

Click here to read the full Mining Weekly report.