Companies dig for value in mining deals

With economic growth slowing and commodity prices sinking, Chinese resources companies are becoming more selective in outbound mergers and acquisitions, one expert said.

"If you think commodity prices will go up in the long term, this is the time to buy," said Jeremy South, a specialist in mining M&A at Deloitte Touche Tohmatsu Ltd.

During the past 18 months, falling commodity prices have pushed many small companies into "survival mode", according to a Deloitte report called Tracking the Trends 2015.