Global deals in the metals and mining industry have amounted to $US3.68 billion ($5.36 billion) in July 2019, according to GlobalData.
Professional services firm Herbert Smith Freehills believes a renewed focus on exploration and stronger commodity prices will be key factors that influence merger and acquisition (M&A) activity in 2018.
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines.
Genesee & Wyoming Australia (GWA) has completed its $1.14 billion acquisition of Glencore Rail (GRail) in the New South Wales Hunter Valley.
AGL has declared $435 million in asset impairments for FY15, leading to a decision to narrow their upstream gas focus down to a small number of core projects.
GE will acquire Alstom’s Power and Grid business for AUD$ 17.87 billion.
Canadian gold miner Barrick Gold has sold three of its Western Australian gold mines to South Africa’s Gold Fields for $US300 million ($330 million).
Chinese energy company Shandong is purchasing a subsidiary of Australian goldminer Stonewall Resources.
Wayne Swan has approved the merger of Gloucester Coal and Chinese miner Yancoal.
Despite tax worries, groundbreaking M&A is still going ahead.