The report analysing mergers and acquisitions shows that mega deals in the sector accounted for US$13.6bn (£8.3bn), or 67% of the total deal value in the sector.
While small deals and deals with undisclosed value dominated sector activity during the first three months of 2011, there were four deals worth over US$1bn, double the number during the last quarter of 2010.
One such deal was on 18 February when Lafarge Cement UK agreed to enter in a joint venture with London-based Anglo American and merged their construction materials businesses. The total value of assets contributed by Anglo American was $2.65bn.
The report also shows that while the value of deals in Q1 2011 is down from Q4 2010 activity, the rest of this year is set to be strong for the sectors.
There had been US$68bn (£41.8bn) of deals in 2010, compared to around $42bn in 2009. However there has been a US$11.1bn Smith/Schlumberger deal in the first quarter of 2010 totals.
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