In the Asia-Pacific mining industry, there were 101 M&A deals announced in Q2 2024, worth a total value of $2.5bn, according to GlobalData’s Deals Database. The $399.6m majority acquisition of Xinjiang Luomu Mining by CITIC Guoan Group 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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In value terms, M&A activity in Asia-Pacific decreased by 59% in Q2 2024 compared with the previous quarter’s total of $6.1bn and fell by 88% as compared to Q2 2023. Related deal volume increased by 3% in Q2 2024 versus the previous quarter and was 2% higher than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in H1 2024 were Argonaut PCF; Blue Ocean Equities; CI Financial with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific in H1 2024 were Allen & Overy; Corrs Chambers Westgarth; Herbert Smith Freehills with 2, 2, 2 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.
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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.
