Australia, Canada takeover to host 45% of global mining deals in 2022

Australia, Canada takeover to host 45% of global mining deals in 2022

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Australia, Canada favoured M&A locations as PwC declares ‘transformational deals are back’

Australia and Canada continue to be the favoured target locations for M&A transactions in mining, with multinational professional services firm PwC also declaring – “transformational deals are back”.

In its 28 March Commodity Insights report, S&P Global reports that as in 2021, Australia and Canada were a hive of activity for M&A in 2022.

Canada (13 deals) and Australia (12 transactions) hosted 45% of the companies and projects targeted for dealmaking last year. The 2 countries accounted for 69% of the total mining deal value last year – Canada at $8.83 billion and Australia at $7.96 billion.

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BHP completes $9.6 billion transformational acquisition of copper-gold producer OZ Minerals

Mining behemoth BHP (ASX:BHP) has today (2 May 2023) completed the acquisition of OZ Minerals (ASX:OZL) via implementation of the scheme of arrangement.

The mining giant is now the ultimate parent company of OZ Minerals.

OZ Minerals shareholders today received a total cash consideration of $28.25 per share, comprising the scheme consideration paid by BHP of $26.50 for each OZ Minerals share held at the scheme record date, which was 7pm on 24 April 2023.

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Related Articles

  • Ramelius Resources acquires controlling interest in Breaker Resources (link)
  • Many Peaks Gold pegs more ground in Queensland by acquiring Yarrol and Mt Steadman projects (link)
  • Titanium Sands signs binding term sheet to acquire James Global in Sri Lanka (link)


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Kincora enlists Earth AI to take closer look at drill targets at Cundumbul Project in NSW

Australian porphyry deposit explorer Kincora Copper (ASX:KCC) has started reconnaissance fieldwork with its exploration alliance partner Earth AI at the Cundumbul Project in New South Wales.

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ABx Group’s rare earths desorption tests among the standout results in Q1 2023

ABx Group (ASX:ABX) has solidified itself as a major minerals company following the reportedly highest extractions of rare earths via desorption from any clay-hosted project in Australia on the back of a productive Q1 2023.?

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Aruma Resources begins third floatation test at Mt Deans Lithium Project in WA

ASX-listed minerals exploration company Aruma Resources (ASX:AAJ) is conducting a third floatation test as part of ongoing metallurgical testwork at the Mt Deans Lithium Project in Western Australia

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Future Battery Minerals destined to extend width and strike at Kangaroo Hills Project

Future Battery Minerals (ASX:FBM) is expecting the assays for the remaining 23 holes of the phase two drilling program to extend the width and strike of the prospective pegmatite unit at the joint venture (JV) Kangaroo Hills Lithium Project in Western Australia.?

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Alto Metals returns best intercept to date at Indomitable Camp in WA

Alto Metals (ASX:AME) has returned its best drill intercept to date, as well as further ‘bonanza’ gold grade results following a phase one reverse circulation (RC) drilling program at the Indomitable Camp within its wholly owned Sandstone Gold Project in Western Australia.?

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Hamelin Gold

(ASX: HMG)

Peter Bewick discusses the equity raise to fund exploration at West Tanami

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Helix Resources Limited

(ASX HLX)

MD Mike Rosenstreich discusses the company's 'aggressive' exploration program across the Rochford Copper-Gold Trend

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Lodestar Minerals Limited

(ASX: LSR)

MD Ed Turner discusses the company's expanding footprint in the Earaheedy Province

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Aruma Resources Ltd

(ASX: AAJ) MD Glenn Grayson discusses the results produced by ongoing metallurgical testing at Mt Deans

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Future Battery Minerals Limited

(ASX: FBM)

Technical Director Robin Cox discusses mineralisation extensions discovered through ongoing drilling at Kangaroo Hills

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Kincora Copper Limited

(ASX: KCC)

CEO and President Sam Spring discusses how the company is leveraging AI to advance exploration at Cumdumbul

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Meteoric Resources

(ASX: MEI)

Executive Chairman Dr Andrew Tunks explains how 'off the charts' grades cements Caldeira as the world's highest grade REE deposit

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Mining.com.au is Australia’s leading online daily Mining news service, reaching hundreds-of-thousands of mining professionals, investors, and industry participants each month. The Weekly Wrap-Up with Harry Mulholland provides listeners with a recap of the mining headlines each week.

In this episode, Harry reports on news from Kincora Copper (ASX:KCC), Future Battery Minerals (ASX:FBM), Aruma Resources (ASX:AAJ), and Helix Resources (ASX:HLX).

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