Top 10 Financial Advisors in Mining Industry in the World in 2021 by Deal Value

Bank of Montreal, Citigroup Inc, Bank of America Corp, Trinity Watthana Public Company Limited, and Canadian Imperial Bank of Commerce are among the top 5 financial advisors in the mining industry in 2021 by deal value. In terms of the geographic split, 8 out of 10 of the world’s top 10 financial advisors in the mining industry are headquartered in North America, while 1 is based in Oceania, whereas the remaining 1 is based in Asia. They employed a total of 759,612 people in 2021. Ardagh Group-Consol Holdings deal was one of the major deals in the mining sector in 2021. Citigroup acted as the exclusive financial adviser to Ardagh, and Barclays was the exclusive financial adviser to Consol. Ardagh Group SA, a Luxembourg-based provider of packaging solutions, acquired Consol Holdings Ltd (Consol Holdings Proprietary Limited), a South Africa-based producer of glass packaging on the African continent, for consideration of $1 billion. The deal was completed in Q2 2022. Lundin Mining- Josemaria Resources deal was another major deal in the mining sector in 2021. BMO Capital Markets Corp and Blake, Cassels & Graydon LLP acted as financial and legal advisors to Josemaria Resources. Lundin Mining Corp, mining, exploration, extraction, and processing of base metals has completed the acquisition of all the outstanding shares of Josemaria Resources Inc, a natural resources company focused on advancing the development of the copper-gold project, for consideration of $484.7 million. The deal was completed in Q2 2022. Hyundai Heavy Industries-Doosan Infracore deal was another major deal in the mining sector in 2021. Hyundai Heavy Industries Group has signed a contract to acquire a 34.97% stake in Doosan Infracore Co Ltd, a construction equipment and engine manufacturer, from Doosan Heavy Industries & Construction Co Ltd, a power plant equipment manufacturer, for 850 billion won ($722.5 million). The deal was completed in Q3 2021.