Mining deals may be few and far between for a while, but the M&A outlook is more promising...

|By:, SA News Editor

Mining deals may be few and far between for a while, but the M&A outlook is more promising in energy after global deals tallied a record $402B in 2012 vs. $337B the previous year, Ernst & Young says: "A relatively stable oil price, a recovering banking sector and strong order books augur well for a period of relative buoyancy, enabling seller exits and new investment in technology and geographic expansion."