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Asian metallurgists are searching for new investing projects

12 December 2007
Written by: webmaster Posted under Finance

Many Asian companies are ready to break a record on number of transactions of merges and absorption (mergers and acquisitions, M&A). On a background of prices sharply growing of raw materials prices, it would be very favorable for investors of this region to get the companies, engaged in metals’ extraction.
However, experts mark that among them the fierce struggle for purchase of accessible actives under the reasonable prices is being conducted now. And as the above-named territories are poor in natural resources, potential buyers should “ransack worldwide” in searches of the necessary company.
As Lehman Brothers’ representative has told, during this or that moment for the certain kind of resources sharp struggle is being conducted worldwide. Usually investors try to get any certain active. But the price and availability are the basic problems.
If to consider mining sector, growth of interest to the companies of this branch was promoted by BHP Billiton’s message on intention to get Rio Tinto for 140 billion dollars. Experts mark that this transaction has riveted attention of all investors and China, of course, will also want to buy one of the companies in this branch.
Meantime only for the last week the Indonesian and Chinese companies have agreed transactions with M&A on purchase of zinc, iron-oreir and copper mines in Australia and South America for a total sum of 2 billion dollars. And according to Thomson Financial, one of these transactions - purchase of Sinosteel Australian Midwest Corp for 1 billion dollars - becomes the largest M&A’s transaction in metallurgical sector of China.




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