In value terms, M&A activity decreased by 53% in Q2 2023 compared with the previous quarter’s total of $50.6bn and rose by 26% as compared to Q2 2022. Related deal volume decreased by 12% in Q2 2023 versus the previous quarter and was 3% higher than in Q2 2022.

Notably, foreign direct investments (fdi)-related deals accounted for a 33% share of the global mining industry’s M&A activity in Q2 2023, up 7% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Canaccord Genuity Group; Bank of Montreal; Haywood Securities with 6, 4, 4 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fasken Martineau DuMoulin; Cassels Brock & Blackwell; Bennett Jones with 12, 9, 5 deals respectively.

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

This content was updated on 18 July 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.