Chinese Miners Suffer Hangover after Recent Binge Buying

(Beijing) -- The international mining industry saw mergers and acquisitions slow in 2012.

Accounting firm PricewaterhouseCoopers says a total of 1,803 M&As were reported in the international mining sector last year, down 30 percent from 2011 and the lowest level since 2005. The total transaction value was US$ 110 billion, down 26 percent from 2011. The slowdown has continued this year.