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.
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.
Swiss giant GlencoreXstrata said its copper production spiked 20 per cent in the first half of the year ahead of its first-half earnings, which it will publish next week.
After some delays and missed deadlines, Xstrata merged with the Swiss commodities trader Glencore Group overnight, forming a resource giant under the name of Glencore Xstrata plc.
Wayne Swan has approved the merger of Gloucester Coal and Chinese miner Yancoal.
Despite tax worries, groundbreaking M&A is still going ahead.