Australia’s metals & mining industry sees a rise of 33.3% in deal activity in September 2020

20 October 2020 (Last Updated October 20th, 2020 15:20)

Australia’s metals & mining industry sees a rise of 33.3% in deal activity in September 2020

Australia’s metals & mining industry saw a rise of 33.3% in overall deal activity during September 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 32 deals worth $68.1m were announced in September 2020, compared to the 12-month average of 24 deals.

M&A was the leading category in the month in terms of volume with 30 deals which accounted for 93.8% of all deals.

In second place was private equity with two deals accounting for 6.3% 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 $60.52m, followed by private equity deals totalled $7.58m.

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

The top five metals & mining industry deals accounted for 85.9% of the overall value during September 2020.

The combined value of the top five metals & mining deals stood at $58.46m, against the overall value of $68.1m recorded for the month.

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

1) Auris Minerals’ $16.49m acquisition of Sams Creek Gold

2) The $14.58m asset transaction with Novo Resources by Calidus Resources

3) Calidus Resources’ $14.21m asset transaction with Novo Resources

4) The $7.48m private equity deal with Southern Gold by Crescat Capital, Illwella and Metal Tiger

5) Trident Royalties’ asset transaction with Apollo Consolidated for $5.69m.

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.