SOURCE: The Bedford Report

The Bedford Report

December 02, 2010 11:25 ET

Canadian Miners the Subject of Acquisition Speculation

The Bedford Report Provides Analyst Research on Baja Mining & Lundin Mining

NEW YORK, NY--(Marketwire - December 2, 2010) - Merger & Acquisition activity in Canada has been skyrocketing this year with the Country's miners being in the spotlight. Lee Hodgkinson, head of the Canadian mining practice at KPMG, recently pointed out that close to half of the world's M&A activity happen in Canada. In the third quarter the total value of M&A's in the country rose more than 40% sequentially to $48 billion, boosted by 10 mega-deals -- deals with values greater than $1 billion. Nearly 60 percent of those mega-deals were cross border transactions -- signaling a trend in international interest. The Bedford Report examines the Canadian Mining Sector and provides research reports on Baja Mining Corporation (TSX: BAJ) and Lundin Mining Corporation (TSX: LUN). Access to the full company reports can be found at:

A recent survey by KPMG claims that nearly three quarters of Canadian miners expect to be involved in some kind of M&A activity in 2011. However, following the BHP/Potash debacle, this number may need to be refined.

This summer BHP made a huge splash with its $40-billion hostile takeover offer for Potash Corp. Canada's government decided to block the bid, and while it was a victory for Potash management and the province of Saskatchewan, analysts argue that the government's move may frighten foreign investors.

The Bedford Report releases regular market updates on the blossoming industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Copper, zinc, nickel and aluminum miners have garnered plenty of M&A speculation in recent months as prices have soared amidst increased Chinese demand. In the most recent quarter Lundin Mining Corporation reported net income of $59.0 million ($0.10 per share), up from $3.7 million ($0.01 per share) in the third quarter of 2009.

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