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A value assessment of mergers and acquisition in the South African mining industry
Dissertation (MEng)--University of Pretoria, 2011.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613670234652672 |
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| access_status_str | Open Access |
| author2 | Fauconnier, C.J. |
| author_browse | Fauconnier, C.J. |
| author_facet | Fauconnier, C.J. |
| collection | Thesis |
| dc_rights_str_mv | © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MEng)--University of Pretoria, 2011. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/26211 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:50.247Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/26211 A value assessment of mergers and acquisition in the South African mining industry Fauconnier, C.J. Webber-Youngman, R.C.W. billviv@mweb.co.za Osae, William Kwabena Mining industry South africa UCTD Dissertation (MEng)--University of Pretoria, 2011. The global mining industry has been experiencing an unprecedented period of change, driven by merger and acquisition activities which ran at record highs at all levels of the sector (Goldsmith, 2008). Metals became the new green on Wall Street, as mining displaced financial services to become the biggest source of mergers and acquisitions (Bloomberg, 12 June 2008). This was driven mainly by growing commodity demand from Asia which led to record commodity prices. Mining companies therefore positioned themselves to gain bigger economies of scale and diversification. The enactment of the Mineral and Petroleum Resources Development (MPRDA) Act, No. 28 of 2002, in South Africa also contributed to this trend. Mining mergers and acquisitions in South Africa have increased considerably, with all-time-high annual total deal values of about US$5.3 billion and US$5.7 billion in 2003 and 2006 respectively, according to deal information obtained from Dealogic. Despite this growing trend, various studies conducted indicate mixed outcomes as to whether mergers and acquisitions do create value. The bases for assessing value creation in mergers and acquisitions, however, often tend to differ and therefore require a comprehensive and holistic approach. This dissertation examines some of the key indicators that can be used to assess value creation in mergers and acquisitions holistically and comprehensively. Subsequently, a suitable and comprehensive value assessment model is developed and applied to some of the key mergers and acquisitions that occurred in the South African mining industry between 2003 and 2008. Mining Engineering unrestricted 2013-09-07T03:50:09Z 2011-07-14 2013-09-07T03:50:09Z 2011-04-06 2011-07-14 2011-07-11 Dissertation Osae, WK 2010, A value assessment of mergers and acquisition in the South African mining industry, MEng dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/26211 > E11/312/gm http://hdl.handle.net/2263/26211 http://upetd.up.ac.za/thesis/available/etd-07112011-132039/ © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Mining industry South africa UCTD A value assessment of mergers and acquisition in the South African mining industry |
| title | A value assessment of mergers and acquisition in the South African mining industry |
| title_full | A value assessment of mergers and acquisition in the South African mining industry |
| title_fullStr | A value assessment of mergers and acquisition in the South African mining industry |
| title_full_unstemmed | A value assessment of mergers and acquisition in the South African mining industry |
| title_short | A value assessment of mergers and acquisition in the South African mining industry |
| title_sort | value assessment of mergers and acquisition in the south african mining industry |
| topic | Mining industry South africa UCTD |
| url | http://hdl.handle.net/2263/26211 http://upetd.up.ac.za/thesis/available/etd-07112011-132039/ |