In the global mining industry, there were 358 M&A deals announced in Q2 2024, worth a total value of $10.4bn, according to GlobalData’s Deals Database. The $2.5bn minority acquisition of Vale Base Metals by Manara Minerals Investment was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for Q2 2024 helps discover the latest insights on Mining Industry M&A transactions. The report uncovers the analyzes the disruptive themes behind the most notable deals, and helps anticipate shifts in the industry landscape. Buy the report here.
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Data Insights Mining M&A Deals Q2 2024 - Top Themes - Thematic Intelligence
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In value terms, M&A activity decreased by 21% in Q2 2024 compared with the previous quarter’s total of $13.2bn and fell by 58% as compared to Q2 2023. Related deal volume increased by 15% in Q2 2024 versus the previous quarter and was 4% lower than in Q2 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 37% share of the global mining industry’s M&A activity in Q2 2024, up 16% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Royal Bank of Canada; Bank of Montreal; Cormark Securities with 5, 4, 4 deals respectively.
See Also:
- US Strategic Metals, Glencore, C3 partner on critical minerals processing
- Magna Mining to acquire Canadian base metal assets from KGHM
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Fasken Martineau DuMoulin; McCarthy Tetrault; Cassels Brock & Blackwell with 11, 8, 6 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
This content was updated on 26 July 2024
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
