In a year marked by operational challenges and postponed capital projects, South Africa's mining sector has seen an unexpected surge in mergers and acquisitions M A, particularly within the copper domain.
According to PwCs recently released 2024 SA Mine Report, the country recorded 32 significant M A deals totalling around 10 billion R174bn between July 2023 and June 2024.
BHPs abandoned 42.7bn bid for Anglo American could have stirred up M A activity in SA further.
This striking development comes at a time when major investors were reconsidering new investments due to a variety of local and global factors.
In its report released on Tuesday, PwC has attributed the revitalisation of M A activity to the broader transformation of South Africas mining industry, which is increasingly leveraging its rich mineral resources and dynamic capabilities.
