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Mineral Resource Mining Right Research Company Strategic Mergers And Acquisitions

Posted on:2017-01-07Degree:MasterType:Thesis
Country:ChinaCandidate:W QinFull Text:PDF
GTID:2309330485474764Subject:Accounting
Abstract/Summary:PDF Full Text Request
Mineral resources are non-renewable resources which are widely used, and also is the backbone of national economy. Under the condition of market economy, the strategic acquisition of mineral resources is an important means to optimize the structure of China’s mining industry, and the rational allocation of resources is the only way for the rapid development of enterprises. The enterprise to rapid growth and development, there are two ways to work: the first is to achieve economies of scale, speed up the internal economic growth; the second is through strategic mergers and acquisitions, to realize the expansion of business scale, so as to improve the economic strength of enterprises. This paper argues that the latter reflects the characteristics of the development of contemporary enterprises, and also is the means about effective and rapid development of enterprises. China Mining mergers and acquisitions market started late. Although the experience is not rich, the strategic M & A is the inevitable trend of the development of mining enterprises.At present a new round of global M & a wave are in the pipeline, M & a strategy can not only provide a new space for the development of enterprises, but also effectively grasp the development and opportunities brought by the changes in the economic situation at home and abroad. In domestic capital market, this strategic acquisition has demonstrated strong vitality, new thinking and new ideas are also being gradually accepted by society. Therefore, it is of theoretical value and practical guiding significance to study the strategic merger and acquisition of mining right.In this paper, the research method used mining M & A theory and case study method of combining, Shandong Gold mineral rights acquisitions in Inner for the study in Inner Mongolia, Shandong Gold Group acquired a lead-zinc mine prospecting and detailed investigation of this investment project as an analysis illustrates an example, in the investigation of China’s current economic situation faced by resource companies, introduce the theory of corporate mergers and acquisitions strategy, M & a motivation theory, risk theory to guide M & M Mining normalization, reduce the risk of mining mergers and acquisitions. The purpose of this study is strategic acquisition theory into practice, therefore, through the study of this article can really solve the problems in mining mergers, proposed measures to reduce risks and help avoid the risk of mining mergers and acquisitions, mergers and acquisitions to improve mining Success rate.The current global mineral resources economic situation as the background, detailing the problems of mining enterprises, also to strategic M & a theory, motivation theory of M & A, risk theory and other related theory of mergers & acquisitions based guidance and assessment of mining right value, avoid mining right merger of financial risk. The purpose of this study is to apply theory to practice, namely the use of strategic M & a theory to solve mining M & A in the presence of various difficult problems, analysis of the M & A in the presence of risk, according to mergers and acquisitions in the face of some of the various uncertain factors put forward rationalization proposals, further improvement measures to reduce the risk, to avoid the risk factors in the process of mining M & A, the risk control in the controllable range, so as to enhance the success rate of corporate mergers and acquisitions.The acquisition has been successful, this paper argues Shandong Gold to develop a clear and consistent corporate culture of M & A strategy, select the mineral-rich region of Inner Mongolia Autonomous Region as mergers, acquisitions paid in cash as the primary payment manner, before and after the merger minimize the risk of insufficient proposed merger in existence, and finally elaborate Shandong gold to achieve the strategic objectives of the specific measures and recommendations. Mining companies is a high-risk, high-yield sector, the domestic mining industry M & A market in the early stages, China’s mining rules and regulations is not perfect, mergers and acquisitions in the mining industry mergers and acquisitions to uncertainties brought high risk mining M & A success rate is relatively low. Through this research, mining companies can better provide strategic acquisitions theoretical support to prevent high-cost, high-risk mining industry, and enhance their core competitiveness and control, thereby enhancing the success rate of mining M & A strategy. Enterprise development strategy as the goal, the effective integration of business after the merger, starting from the rules and regulations, mechanism structure, corporate culture, finance and risk control, optimize the industrial economy chain, enhance the core competitiveness of enterprises after the completion of the acquisition, optimization allocation of resources, and ultimately maximize the economic benefits of enterprises.
Keywords/Search Tags:Strategic, Mergers and acquisitions, Mining right, Mineral resources, Motivation, Risk and control
PDF Full Text Request
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