Total metals & mining industry M&A deals worth $1.7bn were announced globally in November 2022, led by Triple Flag Precious Metals’ $606m acquisition of Maverix Metals, according to GlobalData’s deals database.

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The value marked a decrease of 80.8% over the previous month of $8.95bn and a drop of 78.1% when compared with the last 12-month average, which stood at $7.86bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $840.59m. At the country level, the China topped the list in terms of deal value at $836.04m.

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

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The top country in terms of M&A deals activity in November 2022 was Canada with 38 deals, followed by the Australia with 17 and the US with seven.

In 2022, as of November, metals & mining M&A deals worth $59.13bn were announced globally, marking an increase of 25.2% year on year.

metals & mining industry M&A deals in November 2022: Top deals

The top five M&A deals accounted for 93.1% of the overall value during November 2022.

The combined value of the top five metals & mining M&A deals stood at $1.61bn, against the overall value of $1.7bn recorded for the month.

The top five metals & mining industry M&A deals of November 2022 tracked by GlobalData were:

1) Triple Flag Precious Metals’s $606m acquisition deal with Maverix Metals

2) The $565.04m acquisition of 20% stake in Zhaojin Mining Industry by Jinshan (Hong Kong) International Mining

3) Sichuan Development Lomon’s $249.14m acquisition deal for 49% stake in Chongqing Iron & Steel (Group)

4) The $115.1m acquisition of 1361516 B.C. by Li-FT Power

5) Thungela Resources’s $69.98m acquisition deal for 27% stake in Anglo American Inyosi Coal (Proprietary)