Gold Fields’ $6.7bn acquisition deal with Yamana Gold was the Metals & mining industry’s biggest deal of Q2 2022 as deals worth $21.1bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 159.2% over the previous quarter and a rise of 35.6% when compared with the last four-quarter average of $15.56bn.
In terms of number of deals, the sector saw a flat growth with 164 deals in Q2 2022 against the average of 164 deals in the last four-quarters.
In value terms, Asia-Pacific led the activity with deals worth $8.29bn.
Metals & mining industry deals in Q2 2022: Top deals
The top five Metals & mining industry deals accounted for 81.6% of the overall value during Q2 2022.
The combined value of the top five deals stood at $17.21bn, against the overall value of $21.1bn recorded for the quarter.
The top five Metals & mining industry deals of Q2 2022 tracked by GlobalData were:
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $6.3bn acquisition of 30% stake in Polyus by AKROPOL GROUP
3) Seroja Investment $2bn acquisition deal with Denway Development
4) The $1.57bn acquisition of China Aluminum Zhongzhou Aluminum and Chinalco Shandong by China Aluminum New Materials
5) Sandstorm Gold $646.37m acquisition deal with Nomad RoyaltyLtd