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In the Canadian mining industry, there were 121 M&A deals announced in Q3 2023, worth a total value of $3.9bn, according to GlobalData’s Deals Database. The $3.4bn minority acquisition of Vale Base Metals by Engine No. 1 and Manara Minerals Investment was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for Q3 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.

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In value terms, M&A activity in Canada increased by 363% in Q3 2023 compared with the previous quarter’s total of $842.8m and rose by 597% as compared to Q3 2022. Related deal volume decreased by 22% in Q3 2023 versus the previous quarter and was 7% higher than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Canada in Q3 2023 were Canaccord Genuity Group; Haywood Securities; Bank of Montreal with 5, 4, 3 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Canada Q3 2023 were Fasken Martineau DuMoulin; Cassels Brock & Blackwell; Bennett Jones with 14, 10, 5 deals respectively.

For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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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.