Chinese mining M&A revival

China's oil and gas giants are focused on integration after acquisition sprees, while mining companies drive acquisition volumes.

From China Minmetals to Baosteel, Chinese miners have been bulking up on offshore acquisitions this year, chalking up the highest year-to-date volumes in five years.

According to Dealogic data, Chinese miners have announced $8.7 billion worth of acquisitions so far this year, exceeding the $2.8 billion-worth of business conducted by oil and gas companies. This is a reversal of past trends, when much of the activity was focused on China's oil and gas sector, with the likes of Cnooc, Sinopec and CNPC closing jumbo acquisitions.

In the last two years, Asian national oil companies accounted for $87.6 billion of offshore acquisitions, of which $56.8 billion came from...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222