In the global mining industry, there were 361 M&A deals announced in Q3 2024, worth a total value of $23.7bn, according to GlobalData’s Deals Database. The $3.7bn acquisition of Centamin by AngloGold Ashanti 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 increased by 126% in Q3 2024 compared with the previous quarter’s total of $10.5bn and rose by 66% as compared to Q3 2023. Related deal volume decreased by 2% in Q3 2024 versus the previous quarter and was 5% higher than in Q3 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 32% share of the global mining industry’s M&A activity in Q3 2024, up 17% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Royal Bank of Canada; Bank of Montreal; Cormark Securities with 8, 7, 6 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Fasken Martineau DuMoulin; Cassels Brock & Blackwell; McCarthy Tetrault with 20, 17, 13 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.
