Mergers and Acquisitions in Iron Ore: An Update from Rio Tinto

Mining IQ recently interviewed Cody Whipperman, GM Business Development—Pilbara, Rio Tinto Iron Ore. Below is a snapshot of the interview. To read it in full please download the whitepaper.

Mining IQ: Can you give a brief overview of where the industry is at present in the Iron Ore M&A Cycle?

Cody: We’ve come off extremely high prices for global iron ore, driven primarily, if not exclusively, by demand from China. Inflated asset and equity vales have begun to deflate back to more reasonable levels, which should continue if the downturn persists and project financing remains difficult. The last few years have not been a great M&A environment for those seeking value. The next few years should be better and those with cash or access to financing should be able to take advantage of these opportunities and find real value. So, I think the next few years will prove to be good for value-driven M&A activity.

NB: Cody Whipperman is presenting at IQPC’s Mergers and Acquisitions in Mining Conference in October 2012.

For more information about the conference, to register or to request a brochure please visit www.miningmergers.com.au. Or call 61 2 9229 100061 2 9229 1000 or email enquire@iqpc.com.au.

Call
Send SMS
Add to Skype
You'll need Skype CreditFree via Skype
Mergers and Acquisitions in Iron Ore: An Update from Rio Tinto.

By entering in your information and submitting the form, you give the sponsor permission to contact you regarding their product.

To continue viewing this content please fill out the form below and become an Mining member.
Or if you're already a Mining member, sign in below to download.
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Forgot your password?
Not a member?

Reasons for Joining
  • Address your challenges through knowledge sharing with peers from our global network of specialists.
  • Benchmark your business initiatives with the who's who in the field.
  • Hear from industry pioneers how to maximize ROI in today's challenging economy.
  • And best of all It's FREE!