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Asia-Pacific’s metals & mining industry saw a drop of 26.32% in deal activity during November 2022, when compared with the last 12-month average, led by Jinshan (Hong Kong) International Mining’s $565.04m acquisition of 20% stake in Zhaojin Mining Industry, according to GlobalData’s deals database.

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A total of 28 metals & mining industry deals worth $843.6m were announced for the region in November 2022, against the 12-month average of 38 deals.

Of all the deal types, M&A saw most activity in November 2022 with 25 transactions, representing an 89.3% share for the region.

In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 7.1% and 3.6% share of the overall deal activity for the month.

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By GlobalData

In terms of value of deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $840.59m, followed by private equity deals totalled $3.01m.

Asia-Pacific metals & mining industry deals in November 2022: Top deals

The top five metals & mining deals accounted for 99.3% of the overall value during November 2022.

The combined value of the top five metals & mining deals stood at $837.94m, against the overall value of $843.6m recorded for the month.

The top five metals & mining industry deals of November 2022 tracked by GlobalData were:

1) Jinshan (Hong Kong) International Mining’s $565.04m acquisition deal for 20% stake in Zhaojin Mining Industry

2) The $249.14m acquisition of 49% stake in Chongqing Iron & Steel (Group) by Sichuan Development Lomon

3) China National Building Material Investment’s $11.13m acquisition deal for 73.8% stake in Beijing New Building Materials (Tanzania)

4) The $9.61m acquisition of 30% stake in Luoyang Zijin Yinhui Gold Smelting by Zijin Mining Group

5) Lind Global Fund II and SBC Global Investment Fund’s $3.01m private equity deal with Australian Mines