Total metals & mining industry cross border M&A deals worth $1.1bn were announced globally in October 2022, led by Zijin Mining Group’s $360m acquisition of 95% stake in Rosebel Gold Mines, according to GlobalData’s deals database.

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The value marked an increase of 41.9% over the previous month of $789.4m and a drop of 64.1% when compared with the last 12-month average, which stood at $3.12bn.

Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $398.93m. At the country level, the Australia topped the list in terms of deal value at $398.93m.

In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Europe and then South and Central America.

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The top country in terms of cross border M&A deals activity in October 2022 was Canada with four deals, followed by the Australia with four and the US with three.

In 2022, as of October, metals & mining cross border M&A deals worth $26.38bn were announced globally, marking an increase of 39.8% year on year.

metals & mining industry cross border M&A deals in October 2022: Top deals

The top five cross border M&A deals accounted for 92% of the overall value during October 2022.

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

The top five metals & mining industry cross border M&A 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