Australia’s metals & mining industry saw a rise of 41.7% in overall deal activity during August 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 34 deals worth $85.2m were announced in August 2020, compared to the 12-month average of 24 deals.
M&A was the leading category in the month in terms of volume with 33 deals which accounted for 97.1% of all deals.
In second place was venture financing with one deal, accounting for 2.9% of overall deal activity in the country’s metals & mining industry during the month.
In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $85.02m, while private equity deals totalled $0.18m.
Australia metals & mining industry deals in August 2020: Top deals
The top five metals & mining industry deals accounted for 75.6% of the overall value during August 2020.
The combined value of the top five metals & mining deals stood at $64.38m, against the overall value of $85.2m recorded for the month.
The top five metals & mining industry deals of August 2020 tracked by GlobalData were:
1) Novo Resources’ $42.91m acquisition of Millennium Minerals
2) The $7.16m asset transaction with Stone Resources Australia by Regis Resources
3) Linden Gold Alliance’s $6.46m asset transaction with Anova Metals
4) The $4.28m asset transaction with Carnaby Resources by BIM Metals Group
5) Jadar Resources’ asset transaction with Moreton Resources and MRV Metals for $3.57m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.