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Black Hawk Mining - Tumblr Blog

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A 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. – PowerPoint PPT presentation

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Title: Black Hawk Mining - Tumblr Blog


1
Black Hawk Mining
  • TUMBLR BLOG

2
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.

3
  • 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.

4
  • 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.

5
  • 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.

6
  • 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.

7
  • 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.

8
  • 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.

9
  • According to the company, sovereign wealth funds
    tend to have more advantage in winning
    transactions because of their low cost of
    capital.

10
  • 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.
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