Deals
Deal activity by volume related to ESG increased by 190% year-on-year in 2023 in the mining industry
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Analysis of the key themes driving deal activity reveals that ESG accounted for 1,042 mining deals between 2019 and 2023, worth a total value of $91,460m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $17.5bn acquisition of 100% stake in Great Fame by China Natural Resources was the largest disclosed deal in 2023, while the $1.1bn asset transaction by Metals Acquisition to acquire the CSA Copper Mine from Glencore was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 190% year-on-year in 2023 and by 239% year-on-year in 2022.
Deal activity related to ESG in the global mining industry in the last five years
Top deals related to ESG in the mining industry in the last five years
Deal volume by deal type for ESG related deals in the mining industry in the last five years
Equity offering accounted for the highest number of deals in the last five years, with 527 deals, followed by Acquisition (188 deals), and Asset transaction (187 deals).
Top financial advisors for ESG related deals by value in the mining industry in the last five years
The top financial advisors supporting deals related to ESG in the mining industry in the last five years in terms of value were Citigroup, BMO Capital Markets, Evercore, Barclays Capital, and Goldman Sachs.
Top legal advisors for ESG related deals by value in the mining industry in the last five years
The top legal advisors supporting deals related to ESG in the mining industry in the last five years in terms of value were Wachtell, Lipton, Rosen & Katz, White & Case, Fried, Frank, Harris, Shriver & Jacobson, Cassels Brock & Blackwell, and Dorsey & Whitney.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
