Led by Gold Road Resources’ $411.33m acquisition of DGO Gold, Australia’s metals & mining industry saw a rise of 34.94% in overall deal activity during Q2 2022, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 28 deals worth $1.2bn were announced in Q2 2022, compared with the last four-quarter average of 20.75 deals.

M&A was the leading category in the quarter with 26 deals which accounted for 92.9% of all deals.

In second place was private equity with two deals accounting for 7.1% of overall deal activity in the Australia’s metals & mining industry during the quarter.

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By GlobalData

In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $1.18bn, followed by private equity deals totalled $7.77m.

Australia metals & mining industry deals in Q2 2022: Top deals

The top five metals & mining industry deals accounted for 86.8% of the overall value during Q2 2022.

The combined value of the top five metals & mining deals stood at $1.03bn, against the overall value of $1.2bn recorded for the quarter.

The top five metals & mining industry deals of Q2 2022 tracked by GlobalData were:

1) Gold Road Resources $411.33m acquisition deal with DGO Gold

2) The $311.5m acquisition of Sun Metals Holdings by Korea Zinc

3) Aeris Resources $167.1m acquisition deal with Round Oak Minerals

4) The $75m acquisition of Massive Nickel by Resource Mining

5) Aura Minerals $67.51m acquisition deal with Big River Gold