Total metals & mining industry M&A deals worth $840.6m were announced in Asia-Pacific in November 2022, led by Jinshan (Hong Kong) International Mining’s $565.04m acquisition deal for 20% stake in Zhaojin Mining Industry, according to GlobalData’s deals database.

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The value marked a decrease of 78.9% over the previous month of $3.98bn and a drop of 78.3% when compared with the last 12-month average of $3.87bn.

Asia-Pacific held a 48.87% share of the global metals & mining industry M&A deal value that totalled $1.72bn in November 2022. With a 48.61% share and deals worth $836.04m, China was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.

In terms of M&A deal activity, Asia-Pacific recorded 25 deals during November 2022, marking a decrease of 13.79% over the previous month and a drop of 32.43% over the 12-month average. Australia recorded 17 deals during the month.

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

The top five metals & mining industry M&A deals accounted for 99.6% of the overall value during November 2022.

The combined value of the top five metals & mining deals stood at $836.92m, against the overall value of $840.6m recorded for the month.

The top five metals & mining industry M&A 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) Los Cerros’s $1.99m acquisition deal with FOOTPRINT RESOURCES