Total metals & mining industry deals worth $1.8bn were announced globally for November 2022, with Triple Flag Precious Metals’s $606m acquisition deal with Maverix Metals being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 80.4% over the previous month of $9.19bn and a drop of 77.5% when compared with the last 12-month average of $7.99bn.

In terms of number of deals, the sector saw a drop of 27.12% with 86 deals in November 2022 when compared to the last 12-month average of 118 deals.

In value terms, North America led the activity with deals worth $849m in November 2022.

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Metals & Mining industry deals in November 2022: Top deals

The top five deals accounted for 89.3% of the overall value during November 2022.

The combined value of the top five deals stood at $1.61bn, against the overall value of $1.8bn recorded for the month.

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

1) Triple Flag Precious Metals’s $606m acquisition deal with Maverix Metals

2) The $565.04m acquisition of 20% stake in Zhaojin Mining Industry by Jinshan (Hong Kong) International Mining

3) Sichuan Development Lomon’s $249.14m acquisition deal for 49% stake in Chongqing Iron & Steel (Group)

4) The $115.1m acquisition of 1361516 B.C. by Li-FT Power

5) Thungela Resources’s $69.98m acquisition deal for 27% stake in Anglo American Inyosi Coal (Proprietary)