March 12 - Reuters (U.K.) - The outlook for mergers and acquisitions in the metals and mining industry is strong as emerging market players bulk up and competition for the earth's dwindling resources intensifies, a top sector banker said on Wednesday.
"On the M&A front, generally speaking, the credit situation looks pretty awful but there seems to be money for mining companies and partly that is because commodities prices are high and there is growing acceptance of the super-cycle theory," UBS's joint global head of metals and mining Paul Knight said.
Miners could also borrow more easily than other companies because they had high earnings before interest, tax, depreciation and amortization and low net debt, Knight told the Reuters global mining summit in London. Read More.
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