Analysis of the key themes driving M&A activity reveals that energy transition accounted for 89 mining deals announced in Q2 2023, worth a total value of $1.2bn. The $775m minority acquisition of Alumina do Norte do Brasil and Mineracao Rio do Norte by Glencore was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals by Top Themes – Thematic Intelligence report helps understand the themes that impact the metals & mining industry by analyzing which themes drive the M&A activity. Buy the report here.
In value terms, energy transition-related deal activity increased by 386% in Q2 2023 compared with the previous quarter’s total of $247.1m and rose by 1026% as compared to Q2 2022. Related deal volume decreased by 5% in Q2 2023 versus the previous quarter and was 642% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Davy Group; Gordon Dyal & Co. Advisory Group; Haywood Securities with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fasken Martineau DuMoulin; Linklaters; Cozen O'Conner with 4, 2, 1 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2022 - 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.
