Metals and mining industry deals total $8.6bn globally in October 2022

Cosan’s $4bn acquisition of a 4.9% stake in Vale was reported as the sector’s biggest investment.

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The value of the deals marked an increase of 181.3% over the previous month of $3.05bn and a rise of 11.1% when compared with the last 12-month average of $7.72bn, according to GlobalData. 

In terms of number of deals, the sector saw a drop of 30.51% with 82 deals in October 2022 when compared to the last 12-month average of 118 deals. In value terms, South and Central America led the activity with deals worth $4.36bn in October 2022.

The top five deals accounted for 88.9% of the overall value during October 2022. The combined value of the top five deals stood at $7.63bn, against the overall value of $8.6bn recorded for the month. 

The top five metals & mining industry deals of October 2022 tracked by GlobalData were:

  1. Cosan’s $4bn acquisition of a 4.9% stake in Vale
  2. The $2.22bn acquisition of 60% stake in Nanjing Nangang Iron & Steel United by the Jiangsu Shagang Group
  3. The Zijin Mining Group’s $817.83m acquisition of a 84% stake in Anhui Jinsha Molybdenum
  4. The $360m acquisition of 95% stake in Rosebel Gold Mines by the Zijin Mining Group
  5. Harmony Gold Mining’s $230m asset transaction deal with Copper Mountain Mining