Canada eclipsed China in mining M&A: PwC report
China may have dominated mining news headlines over the past year, but it is a small player when it comes to mergers and acquisitions, according to a report released today from PwC.
The Mining Deals report states that in 2010, just 6% of global mining involved purchases by Chinese companies, compared to 36% from companies domiciled in Canada, 16% in the US and 16% in Australia.
The numbers appear to dispel the myth that China is amassing control of the world's resources by merging and acquiring firms into its orbit.