In the Asia-Pacific mining industry, there were 96 M&A deals announced in Q4 2023, worth a total value of $6.9bn, according to GlobalData’s Deals Database. The $1.7bn minority acquisition of CITIC by China Huarong Asset Management was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for 2023 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.

Smarter leaders trust GlobalData

In value terms, M&A activity in Asia-Pacific decreased by 13% in Q4 2023 compared with the previous quarter’s total of $7.9bn and fell by 52% as compared to Q4 2022. Related deal volume decreased by 10% in Q4 2023 versus the previous quarter and was 26% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q4 2023 were Canaccord Genuity Group; Sternship Advisers; UBS Group with 6, 5, 3 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q4 2023 were Gilbert and Tobin; Allen & Overy; McCarthy Tetrault with 5, 4, 4 deals respectively.

For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

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.