Australia’s metals & mining industry sees a drop of 3.6% in deal activity in December 2020

18 January 2021 (Last Updated January 18th, 2021 16:43)

Australia’s metals & mining industry sees a drop of 3.6% in deal activity in December 2020

Australia’s metals & mining industry saw a drop of 3.6% in overall deal activity during December 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 27 deals worth $301.81m were announced in December 2020, compared to the 12-month average of 28 deals.

M&A was the leading category in the month in terms of volume with 27 deals which accounted for 100% of all deals.

In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $301.81m.

Australia metals & mining industry deals in December 2020: Top deals

The top five metals & mining industry deals accounted for 89.9% of the overall value during December 2020.

The combined value of the top five metals & mining deals stood at $271.21m, against the overall value of $301.81m recorded for the month.

The top five metals & mining industry deals of December 2020 tracked by GlobalData were:

1) MACA’s $132.08m asset transaction with Downer EDI

2) The $98.12m asset transaction with Sheffield Resources by YGH Australia Investment

3) Catalyst Metals’ $19.03m asset transaction with Diversified Minerals

4) The $12.84m acquisition of Australian Garnet by Resource Development Group

5) Great Northern Palladium’s acquisition of Panton Sill for $9.14m.

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.