Total Metals & mining industry cross border M&A deals worth $10.8bn were announced globally in Q2 2022, led by Gold Fields’ $6.7bn acquisition of Yamana Gold, according to GlobalData’s deals database.

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The value marked an increase of 628.4% over the previous quarter of $1.48bn and a rise of 170.2% when compared with the last four-quarter average, which stood at $3.99bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.94bn. At the country level, the Canada topped the list in terms of deal value at $6.88bn.

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

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The top country in terms of cross border M&A deals activity in Q2 2022 was the Australia with 11 deals, followed by Canada with seven and the UK with five.

In 2022, at the end of , cross border M&A deals worth $12.26bn were announced globally in Metals & mining industry, marking a decrease of 157.8% year on year.

Cross Border M&A deals in Metals & mining industry in Q2 2022: Top deals

The top five cross border M&A deals in Metals & mining industry accounted for 157.8% of the overall value during Q2 2022.

The combined value of the top deals stood at $9.48bn, against the overall value of $10.8bn recorded for the quarter.

The top five Metals & mining industry cross border Metals & mining deals of Q2 2022 tracked by GlobalData were:

1) Gold Fields $6.7bn acquisition deal with Yamana Gold

2) The $2bn acquisition of Denway Development by Seroja Investment

3) Korea Zinc $311.5m acquisition deal with Sun Metals Holdings

4) The $238.56m acquisition of Alumetal by Norsk Hydro

5) Walsin Lihwa $226.03m acquisition of 70% stake in Cogne Acciai Speciali