Total metals & mining industry M&A deals worth $3bn were announced globally in September 2022, led by Agnico Eagle Mines’ $580m acquisition of 50% stake in Minas de San Nicolas, according to GlobalData’s deals database.

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The value marked an increase of 20.3% over the previous month of $2.46bn and a drop of 66.2% when compared with the last 12-month average, which stood at $8.76bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.8bn. At the country level, the India topped the list in terms of deal value at $1.34bn.

In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Middle East and Africa.

The top country in terms of M&A deals activity in September 2022 was Canada with 38 deals, followed by the Australia with 12 and the US with ten.

In 2022, as of September, metals & mining M&A deals worth $48.4bn were announced globally, marking an increase of 7.7% year on year.

metals & mining industry M&A deals in September 2022: Top deals

The top five M&A deals accounted for 69.8% of the overall value during September 2022.

The combined value of the top five metals & mining M&A deals stood at $2.06bn, against the overall value of $3bn recorded for the month.

The top five metals & mining industry M&A deals of September 2022 tracked by GlobalData were:

1) Agnico Eagle Mines’s $580m acquisition deal for 50% stake in Minas de San Nicolas

2) The $501.77m merger of Tata Steel and Tata Steel Long Products

3) The $452.77m merger deal with Tata Steel and The Tinplateof India Limited

4) The $329.7m merger of Tata Metaliks and Tata Steel

5) AngloGold Ashanti’s $200m asset transaction deal with Coeur Mining