The 10 biggest mining deals of 2012

MINING.com Editor | September 6, 2013 | 4:05 am Base Metals Energy Precious Metals Africa Asia Australia Europe Latin America Coal Copper Gold Iron Ore 

Global mining deals dropped 74% over the first half of 2013, with little hope for an upswing anytime soon, and the volume of M&As sank by over 30% during the same time period, according to global professional services firm PricewaterhouseCoopers’ (PwC) mining industry report.

Looking back to last year, one big deal, the merger between Glencore and Xstrata, helped to keep the numbers up but couldn’t save 2012 from having the fewest mining industry transactions since 2005. Here’s a glimpse of the Xstrata deal and the other, more modest deals that cracked the 2012 top 10:

10. CGA Mining Limited
Headquarters: Australia
Total transaction value $1.2 billion
Target resource: Gold

 

9. Kolwezi Investments Limited/Frontier Sprl/La Compagnie miniere de Sakana Sprl/Roan Prospecting & Mining SPRL
Headquarters: South Africa; Democratic Republic of Congo
Total transaction value: $1.25 billion
Target resource: Copper

 

8. Neo Material Technologies Inc.
Headquarters: Canada
Total transaction value: $1.3 billion
Target resource: Rare Earth Metals

 

7. KazzInc JSC
Headquarters: Kazakhstan
Total transaction value: $1.4 billion
Target resource: Copper

 

6. Minefinders Corp. Ltd.
Headquarters: Canada
Total transaction value: $1.43 billion
Resource type: Gold

 

5. Roy Hill Holdings Pty Ltd.
Headquarters: Australia
Total transaction value: $1.56 billion
Resource type: Iron Ore

 

4. Richards Bay Mining (Pty) Ltd./Richards bay Titanium (Pty) Ltd.
Headquarters: South Africa
Total transaction value: $1.9 billion
Resource type: Diversified Metals

 

3. Anglo American Sur SA
Headquarters: UK; Chile
Total transaction value: $2.9 billion
Resource type: Copper

 

2. Inmet Mining Corporation
Headquarters: Canada
Total transaction value: $6.7 billion
Resource type: Copper

 

1. Xstrata plc
Headquarters: Switzerland
Total transaction value: $54 billion
Resource type: Diversified Metals

Mount Isa, Queensland: Xstrata territory.

Comments on the Xstrata merger, earlier in 2013.

Source: PwC’s Global Mining Deals Review and Outlook (2012, 2013)

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2 Comments

  • Dfyg

    Don’t you mean First Quantum Minerals rather than Inmet?

  • Franz

    KGHM bought Quadra FX. Total transaction value?

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