The SNL Metals & Mining database, an offering of S&P Global Market Intelligence, recorded 50 deals valued at US$5 million or more in the June quarter, compared with 25 deals in the March quarter and 46 in the year-ago quarter. Quarter on quarter, the total value of the deals jumped from US$3.53 billion to US$8.01 billion, which compares favorably with the US$7.70 billion in the June quarter last year. The deal value is still well below the US$10.62 billion achieved in the September quarter last year, although this was followed by a slump to only US$2.62 billion in the December quarter.Companies based in Canada accounted for 23 of the deals during the quarter, but these represented less than 19% of the total value. Just five deals by China-based companies accounted for 49% of the total value, with three of these deals being ranked in the top seven during the quarter; see table on "The Largest Mining Deal (June Q 2016)". Indonesia only registered one deal, but that was the quarter’s second largest, leaving that country in third place with an almost 17% share of the total. Unusually, copper accounted for 70% of the total value acquired (in 13 deals) in the quarter, while gold was targeted in 30 out of the 50 transactions but accounted for less than 29% of the total value. In the March quarter, deals for nickel assets captured third place overall with two transactions worth US$783 million. This was primarily due to Boliden paying US$712 million for First Quantum Minerals’ Kevitsa mine in Finland. However, the metal didn’t feature in the June quarter. Indeed, apart from copper and zinc there was very little activity for any other industrial metals.