Mining M&A Quarterly Newsletter – Q2 2014 | KPMG | CA

Mining M&A Quarterly Newsletter – Q2 2014

Mining M&A Quarterly Newsletter – Q2 2014

Canada was all things gold in a quarter that saw global M&A activity rebound from disappointing lows in the first quarter of 2014.

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Mining M&A Quarterly Newsletter – Q2 2014

This quarterly publication presents a current snapshot of the M&A market, providing a review of select key transactions while focusing on the rationale behind those deals as trends take shape. It highlights Canadian transactions, but set in the context of global M&A deals and trends.

Canada was all things gold in a quarter that saw global M&A activity rebound from disappointing lows in the first quarter of 2014. Australia, China and Indonesia contributed M&A activity in other sectors such as iron ore, mineral sands and copper. On a global level, deal value more than tripled quarter-over-quarter from $2.9 billion to $9.8 billion.

There were five more transactions in Q2 2014 for the 18 transactions recorded in Q1 2014. Of the 23 transactions announced in Q2 2014, three exceeded the $1 billion level.

Mining equity indices rose significantly, and gold and copper prices were also climbing at quarter-end. Largely because of gold deals, Canada was the top acquirer and top target country in the quarter. Australia ranked second as a target country, and China was second as an acquirer.

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