The Environment, Motivation And Performance Evaluation Of Mineral Enterprise Mergers And Acquisitions

Mineral resources are the basis of the survival and development of human society,especially the strategic mineral resources,which is one of the keys to sustainable development of human society.The mineral resources industry related to a country's national defense,economy,people's lives and sustainable development of the socio-economic security has become a strategic pillar industry of China's national economic development.In recent years,with the restructuring,the reorganization of assets in-depth development,the mineral resources industry and China's mineral resources industry is being large-scale,enterprise groups,industrial chain,especially in major multinational companies and domestic companies ranking in front of large enterprises,this phenomenon is more prominent.Under such circumstances,the inferior enterprises exit by M&A,resources focus on the superiority enterprises,thereby eliminating part of the surplus production capacity,in order to achieve the reasonable industrial structure.In recent years,listed companies accounted for the vast majority of mergers and acquisitions enterprises,and mergers and acquisitions has certain characteristics in the industry,corporate mergers and acquisitions from a pure business operations,enterprise system and the evolution of industry changes power extends to the whole national economic structure and even the global economic.With China's mineral resources industry develops toward the advanced stage of industry consolidation,as an important means of integration of resources,mergers and acquisitions in the mineral resources industry frequently occur.Mineral resources industry mergers and acquisitions of listed companies in the end produce what kind of affect,the mineral resources industry M&A performance,and factors of impacting this industry M&A performance.According to the China Wukuang Corporation as a case,the impact of China's mineral industry M&A performance play a synergistic effect,improving the competition advantage;to expand the scale of production,raising economic benefits;to obtain tax benefits,reducing cost;to achieve diversified development,in order to reduce the risk,reducing construction period and improving competition,thus puts forward suggestions that improving government function and management related to China mineral industry performance;perfecting capital market,broadening the financing channels;and enhancing the core competitiveness of mining enterprises.