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#Metals & #Mining Industry Deals Total $3.1B Globally in September

Total metals & mining industry deals worth $3.1bn were announced globally for September 2022, with the Agnico Eagle Mines’s $580m acquisition deal…

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This article was originally published by Mining Technology

Total metals & mining industry deals worth $3.1bn were announced globally for September 2022, with the Agnico Eagle $AEM.T $580m acquisition deal for 50% stake in Minas de San Nicolas being the sector’s biggest investment, according to GlobalData’s deals database.

 

 
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The value marked an increase of 8.9% over the previous month of $2.8bn and a drop of 65.7% when compared with the last 12-month average of $8.9bn.

 

In terms of number of deals, the sector saw a drop of 16.10% with 99 deals in September 2022 when compared to the last 12-month average of 118 deals.

In value terms, Asia-Pacific led the activity with deals worth $1.89bn in September 2022.

Metals & Mining industry deals in September 2022: Top deals

The top five deals accounted for 67.8% of the overall value during September 2022.

 

The combined value of the top five deals stood at $2.06bn, against the overall value of $3.1bn recorded for the month.

The top five metals & mining industry 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

 

The post Metals & Mining industry deals total $3.1bn globally in September 2022 appeared first on Mining Technology.

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