The next wave of investment in Australia’s mining sector will be larger and driven by more nimble investors including private equity, according to Adam Goern, director of advisory firm TPA Co in Hong Kong.
The coming wave is also expected to bring a higher rate of success as buyers apply lessons learned from the past including that they must abide by Australia’s tough industrial relations and environmental rules, and that it can be expensive to build the necessary infrastructure to transport materials from site to ship.
So instead of focusing on mega-deals involving large state-owned enterprises, the bulk of the action will be in the smaller end...
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