Merger and acquisition consultants used by mining industry?
The mining industry saw an increase in mergers and acquisition the first six months of 2011.
There has been an increase in the number of merger and acquisition (M&A) consultants used in the mining industry in the first half of 2011.
This is because research conducted by Ernst & Young - a company that employs 141,000 people - and reported by Reuters has found there was an increase in M&A activity in the six-month period.
There was a year-on-year increase in total deal values, jumping from $47.9 billion (£29.3 billion) to $96.3 billion.
Lee Downham, Ernst & Young's global mining & metals transaction advisory leader, thinks there will be even more agreement in the second part of the year.
"Momentum is growing. We could see over $200 billion worth of deals by the end of the year," he told the news provider.
Mr Downham continued by saying there are some initial public offerings in the pipeline at the moment and so negotiation skill could be required.
Posted by Edel Quinn