Canadian mining sector. Despite the fertile deal conditions, takeover activity plunged in 2012. Bloomberg reports that 157 mergers and acquisitions involving Canadian companies in the materials sector were completed in the past 12 months with a total value of $28.9-billion. In comparison, 226 deals were done in 2010 with a combined value of $84.8-billion. The success of an acquisition depends largely on the free cash flow of the company being bought. There are 10 companies in the S&P/TSX materials index with a free cash flow yield above 4 per cent, a level that would make them attractive as acquisitions at current interest rates. The top five by this metric, according to Bloomberg, are Nevsun Resources, Hudbay Minerals, Sherritt International, Methanex and Alacer Gold. Mr. Barlow says each of these companies would appear to be a prime candidate to be acquired

 China's Ministry of Industry and Information Technology has said that China wants domestic gold production to reach 14.5 million ounces by 2015,China Gold International Resources Co is reported to be looking at Canada and Mongolia for its next targets....Mundoro would be a easy deal with no cost to CNG all CNG needs to do is go to 49% of CGG and PUT Maoling Gold Project in the Liaoning Province  in CGG NAME!.