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    Home > Chemicals Industry > International Chemical > Global mining M&A transactions reached US$86.3 billion in 2018, up 60% year-on-year

    Global mining M&A transactions reached US$86.3 billion in 2018, up 60% year-on-year

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    As of December 18, there were 1,349 mining deals worth $86.
    3 billion worldwide, up 60 percent from 2017 and the highest since
    2012, according to data compiled by Bloomberg.

    During the surge in demand for the metal triggered by China, mergers and acquisitions in the sector topped $100 billion for three consecutive years, reaching $149 billion in 2012 and falling below
    $50 billion in 2015.

    According to EY, mining and metals transactions totaled $51 billion in 2017, up 15 percent
    from 2016.
    Activity was mainly from coal and steel trading
    .
    However, deal volume fell by 6%
    as the sector's M&A focus shifted from divestment to strategic acquisitions.

    In late 2015 and early 2016, major commodities such as copper, iron ore and gold hit multi-year lows, forcing major miners to focus on cutting costs and shareholder returns rather than corporate financing or expansion
    .

    Mining acquisitions involving Canadian companies were worth $16.
    6 billion in 2018, the largest of which was Toronto-based Barrick Gold's $5.
    4 billion acquisition of Randgold Resources
    in Africa.

    As of December 18, there were 1,349 mining deals worth $86.
    3 billion worldwide, up 60 percent from 2017 and the highest since
    2012, according to data compiled by Bloomberg.

    mining

    During the surge in demand for the metal triggered by China, mergers and acquisitions in the sector topped $100 billion for three consecutive years, reaching $149 billion in 2012 and falling below
    $50 billion in 2015.

    According to EY, mining and metals transactions totaled $51 billion in 2017, up 15 percent
    from 2016.
    Activity was mainly from coal and steel trading
    .
    However, deal volume fell by 6%
    as the sector's M&A focus shifted from divestment to strategic acquisitions.

    In late 2015 and early 2016, major commodities such as copper, iron ore and gold hit multi-year lows, forcing major miners to focus on cutting costs and shareholder returns rather than corporate financing or expansion
    .

    Mining acquisitions involving Canadian companies were worth $16.
    6 billion in 2018, the largest of which was Toronto-based Barrick Gold's $5.
    4 billion acquisition of Randgold Resources
    in Africa.

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