Deals
Deal activity by volume related to AI increased by 67% year-on-year in 2023 in the mining industry
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Analysis of the key themes driving deal activity reveals that AI accounted for 96 mining deals between 2019 and 2023, worth a total value of $1.21bn, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $195m venture financing secured by KoBold Metals Co from Standard Investments was the largest disclosed deal in 2023, while the $192.5m venture financing secured by KoBold Metals Co from Apollo Projects (US) was the largest disclosed deal in 2022.
In volume terms, AI related deal activity increased by 67% year-on-year in 2023 and decreased by 5% year-on-year in 2022.
Deal activity related to AI in the global mining industry in the last five years
Top deals related to AI in the mining industry in the last five years
Deal volume by deal type for AI 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 27 deals, followed by Venture Financing (25 deals), Acquisition (21 deals), Partnership (12), Asset Transaction (9), and Merger with 2 deals.
Top financial advisors for AI related deals by value in the mining industry in the last five years
The top financial advisors supporting deals related to AI in the mining industry in the last five years in terms of value were Fan Zhuo Capital, Canaccord Genuity, Canaccord Genuity Group, and Haywood Securities.
Top legal advisors for AI related deals by value in the mining industry in the last five years
The top legal advisors supporting deals related to AI in the mining industry in the last five years in terms of value were Latham & Watkins, CMS Legal Services EEIG, Fasken Martineau DuMoulin, Osler, Hoskin & Harcourt, Cassels Brock & Blackwell, and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian.
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.
