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.
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 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.