Big business continues to dominate the majors in the mining industry.
May 2023 Newmont agree deal with Newcrest Newmont, the world’s biggest gold mining company agreed in May 2023 to acquire Australia-based gold miner Newcrest US$19.2bn/AU$26bn in the industry’s biggest deal to date. May 2023 Allkem and Livent Fuse Allkem Limited and Livent Corp join forces in a US$10.6 bn or AU$15.7bn all-stock merger of equals deal. April 2023 BHP acquires OZ Minerals The scheme was finally given the green-light by the Federal Court of Australia after the OZ Minerals shareholders gave the US$6.4bn or AU$9.6 bn acquisition the thumbs up. Dec 2022 Rio Tinto completes Turquoise Hill deal Rio Tinto completes US$3.3bn or AU$4.9bn Turquoise Hill deal for larger chunk in the mammoth Oyu Tolgoi project in Mongolia. Feb 2022 Agnico and Kirkland Lake Merge In a merger of equals which now creates a mining industry leader with a dominant position in the Canadian gold mining industry, Agnico Eagle Mines Limited and Kirkland Lake Gold Ltd combined in a transaction valued at US$11bn or CAD 13.5 bn/ AU$16bn. Dec 2019 Barrick Gold-Randgold agree to merger creating a new gold mammoth In the industry The share-for-share deal valued at US$6.5 bn or AU$9.8bn. The deal resulted in the formation of a “new Barrick” with a strong operational foundation across Africa, North America and South America as well as operations in Saudi Arabia and PNG. March 2019 Newmont acquire Goldcorp for $10bn An acquisition meaning the creation of a world leading gold company,. In 2019, Newmont acquired all the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at US$10bn or AU$15bn. And way back in 2007... November 2007 Rio Tinto acquires Alcan’s outstanding shares At the time this was the largest deal in mining & metals history for US$38.1bn/ AU$44bn. Source: Jon Taylor, LinkedIn