A blockbuster potash bid announced between PotashCorp and K+S AG in late June had the potential to propel global deal value of Q2 2015 to $16.5 billion. Excluding this deal, the quarter still generated $7.8 billion in deal value, up significantly from $3.7 billion recorded in Q1 2015.
While the potash deal was the largest announced deal in the quarter, iron ore and nickel each posted a major transaction, and gold was involved in a spate of smaller deals. Gold and copper were both price gainers in mid-quarter, but finished with slim losses of 3 percent and 5 percent respectively. The global mining stock indices continued their downward trends, posting high single-digit losses.
© 2018 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.