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Black Hawk Mining Bulletin Articles Aus Mining
Continues Growth - Topix

• http//www.topix.com/forum/business/T2J217GAVIV4OI
  9NHA recent survey conducted in Australia shows
  that although their mining sector is enjoying a
  boom, services sector is in an opposite
  condition. Most of the contraction was caused by
  a decline in new orders among the various players
  in the services sector while sales and prices
  also fell.

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• Just 2 out of 9 sub-sectors (namely, personal and
  recreational services andfinance and insurance)
  included in the survey has grown during the
  month. The increased activity in the mining
  sector is not positively affecting the remaining
  sectors of the local market.

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• The chief executive of the Australian Industry
  Group (AI Group) said that the contraction in the
  services industry just shows how narrow is its
  base of development in the broad market.

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• Several stability in financial states abroad in a
  period of few months will be favorable for
  allowing consumer and business confidence to
  improve, resulting in a gradual increase in
  spending.

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• More than half of the worlds mining acquisitions
  in 2011 has involved projects located in
  US, Australia and Canada. Other buyers include
  China, India, Russia and Brazil, all of which
  increased their acquisitions by 42 since 2006.

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• In terms of gold, the average deal is valued at
  USD 41 million where a premium is almost 50.
  Propelling the lucrative market is Australia with
  15, United States with 14 and Canada with 49.

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• Considering the bigger picture of the industry,
  PwC seems to be expecting that this year will see
  record MA valuations and volumes in the mining
  sector worldwide.

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• According to the company, sovereign wealth funds
  tend to have more advantage in winning
  transactions because of their low cost of
  capital.

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• PwC is assuming that non-miners like sovereign
  wealth funds, large pension funds and private
  equity might reassess their approach to the
  industry and begin to participate more in MA.