In the Australian mining industry, there were 87 M&A deals announced in Q3 2024, worth a total value of $2.8bn, according to GlobalData’s Deals Database. The $1.1bn acquisition of Whitehaven Coal by JFE Steel and Nippon Steel was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for Q3 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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In value terms, M&A activity in Australia increased by 190% in Q3 2024 compared with the previous quarter’s total of $964.3m and fell by 35% as compared to Q3 2023. Related deal volume increased by 13% in Q3 2024 versus the previous quarter and was 19% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in Australia in 9M 2024 were Argonaut PCF; Macquarie Group; Canaccord Genuity Group with 3, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Australia in 9M 2024 were Corrs Chambers Westgarth; HPX Group; Allen & Overy with 4, 4, 2 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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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.
