Q2 mining and metals M&A deal value doubles quarter-on-quarter

Despite a 93% quarter-on-quarter uptick in mining and metals mergers and acquisitions (M&A) deal value in the second quarter, suggesting growing confidence in the sector, deal value is 51% down on the second quarter of last year, with deal activity predicted to remain rocky in the coming months. Assurance, tax, transaction and advisory services firm EY on Friday reported that global mining and metals M&A deal value nearly doubled from $4.1-billion in the first quarter of 2016 to $7.8-billion in the second quarter of 2016.