| In recent years,with the continuous development of economic globalization and the further acceleration of the industrialization process,my country’s demand for mining resources is also increasing.The acquisition of overseas mining resources is of great importance to the development of my country’s mining enterprises and the improvement of national economic strength.effect.With the implementation of my country’s "going out" strategy,more and more mining companies have joined the wave of overseas mergers and acquisitions,hoping to promote the further development of the domestic economy by acquiring high-quality foreign resources.It has been more than 20 years since Sinomine Resource Group was established in 1999.It is the earliest resource exploration mining enterprise in my country to "go global".The company’s development history and successful experience are worth in-depth study and study,and it is a benchmark enterprise for the internationalization of my country’s mining enterprises.one.This paper briefly introduces the general situation of Sinomine Resource Group,sorts out relevant researches on M&A motivations and M&A performance at home and abroad,and studies the case of Sinomine Resource Group’ successful acquisition of the Cabot Special Fluids Division in the United States in 2019.First,from the perspective of synergies and economies of scale,it analyzes the reasons for Sinomine Resource Group’ overseas mergers and acquisitions from the perspective of implementing globalization strategies,breaking resource barriers,entering scarce resources,laying out the entire industry chain and enhancing the company’s core competitiveness;second,combining financial data and non-financial data.Data,analyze the economic effects and market effects after the merger and acquisition of Sinomine Resource Group,and compare with industry data,and also analyze the mechanism that causes performance changes;Whether mergers and acquisitions have achieved the expected goals,and summarizing relevant experience to put forward their own suggestions.Through the analysis of this case,this paper draws the following conclusions:Sinomine Resource Group has achieved the purpose of M&A with lower cost and risk;M&A has improved the performance of Sinomine Resource Group.This M&A case also brings us some enlightenment: the motive for M&A should be in line with the company’s strategic plan,make full use of various policies promulgated by the state,and formulate appropriate M&A plans.In addition,it is necessary to pay attention to the integration of resources after mergers and acquisitions,to ensure that the enterprises after the mergers and acquisitions can truly achieve synergistic benefits and promote enterprise development. |
