Total metals & mining industry cross border deals worth $1.1bn were announced globally for October 2022, with the Zijin Mining Group’s $360m acquisition deal for 95% stake in Rosebel Gold Mines being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 43.9% over the previous month of $792.16m and a drop of 64.04% when compared with the last 12-month average of $3.17bn.

In terms of number of cross border deals, the sector saw a drop of 51.67% with 29 deals in October 2022 when compared to the last 12-month average of 60 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $421.01m in October 2022.

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Metals & Mining industry cross border deals in October 2022: Top deals

The top five cross border deals accounted for 90.04% of the overall value during October 2022.

The combined value of the top five cross border deals stood at $1.03bn, against the overall value of $1.1bn recorded for the month.

The top five metals & mining industry cross border deals of October 2022 tracked by GlobalData were:

1) Zijin Mining Group’s $360m acquisition deal for 95% stake in Rosebel Gold Mines

2) The $230m asset transaction of Copper Mountain Mining by Harmony Gold Mining

3) Sichuan Road and Bridge (Group)’s $166m acquisition deal for 50% stake in Colluli Mining Share

4) The $163.35m acquisition of DLTx by Blockchain Moon Acquisition

5) Uranium Energy’s $108.66m asset transaction deal with Rio Tinto