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2023 mining-tech deals worth c$2 billion

Richard Roberts

Volume of transactions up on 2022, 2021, but value falls

A strong finish to 2023 saw about US$2 billion of mining technology financing and M&A transactions announced during the year. The biggest deal for 2023, Orica’s $377 million acquisition of Terra Insights, took the value of fourth-quarter transactions to about $650 million.

Last year’s 70-plus deals was higher than 2022 and 2021, when the total value of transactions was greater at US$2.8 billion and more than $3 billion, respectively.

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